Monthly Return of Breaches – Authorised Funds
| Breach Type | The specific rule in COLL or FUND that has been breached. |
| New Breaches | Breaches identified for the first time during the most recent reporting period. |
| Existing Breaches | Mark as an existing breach if reporting a change in the reported details of an existing breach or if reporting the closure of an existing breach. |
| Maximum Percentage | The percentage figure will depend on the breach type. For example, a breach of an investment limit should show the greatest percentage amount by which the value of the asset(s) exceeded the relevant limit during the period of the breach. |
| Breach Start Date | The date when the breach first occurred. |
| Breach Identification Date | The date when the breach was identified (this may be the same day as or later than the breach start date). |
| Breach Closure Date | The date when a breach was closed following the implementation of any corrective actions and if applicable, payment of compensation to the scheme and/or Unitholders. |
| Breach Description | A brief statement describing the nature of the breach, and why and how it occurred. |
| Action Taken or Planned | The corrective action implemented or planned to close a new or existing breach, and the final outcome when a breach has been closed. If resolution will require a long-term (>6 months) project, timelines should be included. |
Quarterly Return of Oversight Visits – Authorised Funds
| Findings | A brief description of findings and conclusions, including examples. |
| Recommendations | Actions requested of the authorised fund manager by the depositary to remedy any findings. If resolution will require a long-term (>6 months) project, timelines should be included. |
| AFM’s response and comments | Any statement from the authorised fund manager in response to the depositary’s findings and recommendations. |