GERMANY: BaFin Introduces New Derivative Reporting for UCITS

Monday February 26 2018

It has been reported that for the reporting year of 2018, BaFin has issued new requirements for derivative reports for UCITS subject to Sec. 38 of the German Derivative Ordinance (Derivateverordnung).

Key changes for management companies of UCITS investment funds are additional reporting requirements in respect of the BaFin ID and of the average leverage amount of all relevant UCITS pursuant to the cross method. As a consequence, all management companies have to determine the cross leverage amount for the relevant UCITS even if the relevant UCITS previously determined its leverage amount in accordance with the commitment approach pursuant to Art. 42 of Directive 2010/43/EU.

The updated instructions by BaFin as well as the relevant reporting template will be provided by BaFin upon request or can be downloaded by members of the BVI.