In this section we have some trouble-shooting formation in respect of AIFMD Annex IV Reporting, including in respect of:

• XML validation errors
• AIFM Report
• AIF Report

Below is an example of a GABRIEL pre-validation error where we have the presence of values of greater than 100 for variable data e.g. investor groups, investor concentrations etc.

This is a data issue that should not be corrected in the XML. Instead the user should aim to correct this data in the file uploaded to FundWare which contains such data.

AII product codes will cause schema errors in GABRIEL where these codes do not meet the specified criteria. An example of such an error is shown below.

• To avoid such errors, AII product codes should be between 1 and 12 characters in length and contain no special characters or spaces. These should be edited in FundWare to ensure these are right rather than editing in the XML.
• Locate the relevant records in the XML and assign to the relevant team member asking them to edit the product’s ISIN in the derivative master to meet the above requirements. e.g. in the above case,

They should remove the space in the AII product code.

• If an XML uploads without pre-validation errors, it will still need to be checked to identify any errors that need resolved.

To see the return once it has successfully passed pre-validation, follow the below instructions:

• Click on AIFMD – then Report Under AIFMD

• For AIFs, click “AIF002 – Fund Transparency Report”. This will bring up all funds that have passed the pre-validation stage.
• To view a fund, click on the hyperlinked PRN. This will take you in to the submission for this fund and will show any validation errors and warnings.
• The XML will not submit until all the errors are resolved. Warnings should also be resolved although the XML will submit with these.

The below errors are identifying that we have identified in the trades section of the AIF 24(2) report; that there are derivatives cleared through a CCP, but not reported any central counterparty exposure at the reporting period end date.

There are two options:

• If the client believes there is no true direct clearing, the trades file will need to be updated so that the clearing for the fund to show all derivatives trades as clearing OTC instead of via a stock exchange CCP
• If there has been direct clearing, any exchange-traded derivatives in the holdings file at the reporting date will need to be reuploaded in the file as having a counterparty of the relevant CCP.

The error shown below indicates that the data uploaded in the Scheme Investors file has not been properly checked and confirmed as summing to exactly 100.

To resolve, the user must edit the file upload to meet the stated requirement.

Shown below is an error indicating that there is some of variable data missing – in this case, for Q4.

The first step is to navigate to the relevant section of GABRIEL to identify the missing data elements.

Once the missing data has been identified, the correct data should be uploaded into FundWare via the appropriate file mapping. Once the data has been successfully uploaded the user will be required to regenerate the XML files from FundWare and then upload this new XML file to GABRIEL.

The error received below suggests that GABRIEL is recognising a rounding error between the aggregated value reported and the percentage reported.

If this error appears, remove the smallest record where less than 1% as shown below.

Resubmit this with the record removed, as shown below where the security accounting for 0.7% has now been removed.