AIFMs and ManCos

Regulatory obligations met.
Governance demonstrated.

AIFMD, CSSF Circular 24/856, FCA governance expectations. AIFMs and management companies face an intensifying regulatory obligation to evidence independent oversight, auditable NAV validation, and governance-grade reporting. daappa provides the workflow infrastructure to meet those obligations -- not a spreadsheet.

Book a demo See NAV Oversight

What AIFMs need from daappa

Three obligations. Three products.

The regulatory obligation for AIFMs and ManCos breaks into three distinct areas. daappa has a specific product for each one.

Most urgent

NAV Oversight

Automates the 0.5bp NAV movement check and provides an auditable sign-off workflow. Replaces the spreadsheet. Aligned with CSSF Circular 24/856 and FCA governance expectations.

See NAV Oversight

Compliance

Compliance Monitoring

Rules-based exposure checking against AIFMD investment limits, mandate covenants, and ESG screens. Flags breaches in real time before they become regulatory reporting events. AIFMD Annex IV reporting output built in.

See Compliance

Data governance

DataHub

Central governed data warehouse for all fund and portfolio data. Regulatory reporting views, board-level data packs, and audit evidence can all be generated from the same validated single source of truth.

See DataHub

Regulatory context

The regulatory backdrop makes the case for investment

Luxembourg / EU

CSSF Circular 24/856

The CSSF's updated circular raises expectations for ManCos and AIFMs operating in Luxembourg. Scope expansion, lower materiality thresholds, and stronger governance documentation requirements mean the existing spreadsheet approach is no longer defensible.

Expanded NAV error detection and correction scope
Lower materiality thresholds for reporting obligations
Board-level governance and documentation requirements
Enhanced audit trail expectations for oversight processes

United Kingdom

FCA governance expectations

The UK regulatory framework for AIFMs emphasises operational resilience, data governance, and proportionate but robust controls. For firms with outsourced fund accounting, documented independent oversight is expected rather than implied.

Operational resilience obligations under the FCA sourcebook
Data governance and accuracy requirements
Investor protection obligations for NAV accuracy
Board reporting requirements for oversight processes

Common questions

AIFMs — frequently asked

What is the fastest way for an AIFM to address NAV oversight obligations?

daappa NAV Oversight. It can be live quickly from first conversation, requires no large implementation project. The guided setup session configures your data import templates, tolerance thresholds, and sign-off workflow in a single session. It is designed specifically for this purpose.

Does NAV Oversight provide evidence for regulators and auditors?

Yes. The platform produces a complete audit trail of every NAV pack received, every tolerance check run, every exception flagged, every reviewer action, and every sign-off -- with timestamps and user attribution. 12-month history is available at any point for regulatory inspection, annual audit, or board reporting.

Does daappa cover AIFMD Annex IV reporting?

Yes. AIFMD Annex IV is included in daappa Core's regulatory reporting library. For AIFMs using Studio+ without Core, Analyser can extract the data required for Annex IV submission from DataHub. The platform also covers BCL, INREV, FATCA, CRS, and SFDR reporting requirements.

Is NAV Oversight aligned with CSSF Circular 24/856?

Yes. The platform provides the automated tolerance checking, documented sign-off workflow, and audit trail that CSSF Circular 24/856 expects for ManCos and AIFMs operating in Luxembourg. We recommend confirming alignment with your legal counsel for your specific structure and obligations.

Meet your regulatory obligations. Evidence your governance.

Tell us about your fund structure, your current oversight process, and the specific regulatory obligations you need to address. We'll show you the fastest path to compliance.