The European Union (EU) has commenced regulations for Alternative Investments managed or marketed in the European Economic Area (or EEA). The reporting obligation shall depend upon the Asset under Management (or AuM) of the fund marketed or managed in the EU and leverage level of the fund.
Since the introduction of HM Revenue & Customs computer-readable ‘Extensible Business Reporting Language’ or iXBRL mandate in April 2011, minimum tagging has been the subject of considerable concern and debate. Minimum tagging is essentially the ability to tag using only a small subset of a full taxonomy.
DataTracks latest customer satisfaction survey demonstrates high level of customer satisfaction and tangible business benefits delivered seamlessly to its clients.
With the Solvency II Taxonomy 2.0.1 out, we are almost at the end of the long series of taxonomies that we have encountered in this last year. Every ending, however, is a new beginning, and with the first live filing looming in April 2016, the tougher challenges are yet to come.