GAMS Standards

The GAMS AML Working Group is an industry‑led initiative bringing together asset managers, management companies, transfer agents and compliance professionals to develop practical, standardised AML/KYC templates for the asset management sector. Its objective is to improve efficiency, consistency and transparency across the AML value chain by reducing unnecessary duplication and supporting a shared, risk‑based approach. The Working Group’s first deliverable is a standard AML Risk Appetite Statement template, designed to align with Luxembourg and international regulatory expectations while remaining flexible enough to accommodate firm‑specific risk profiles. The GAMS AML Risk Appetite Statement template is intended as a practical industry reference, not a prescriptive rulebook. It complements existing regulatory frameworks and internal policies by providing a shared foundation that supports scalability, comparability and effective AML governance across the asset management ecosystem.

An open, non‑binding industry tool delivering efficiencies when completing the AMLA 2026 Testing and Calibration Exercise.

The UCITS Term Sheet is a structured data-capture template that records every variable field required by the CSSF Standardised Model Prospectus (November 2022, updated September 2023) in a single, organised document. Each field — from the fund's full legal name and Management Company details through to sub-fund investment policies, fee structures and SFDR classifications — is assigned a unique [TS:Xn] reference code and presented in a table with a value cell where fund preparers enter data either as free text, a selectable checkbox option, or an explicit YES/NO decision for optional clauses. The counterpart to the Term Sheet is the Annotated Model Prospectus: the full, unaltered text of the CSSF Model Prospectus with every one of its 297 variable fields tagged in-line with the corresponding [TS:Xn] code, placed immediately before the relevant turquoise text so that legal counsel can see at a glance exactly which Term Sheet entry populates each prospectus clause. Together, the two documents operate as a single, integrated pipeline: the Term Sheet is completed once, capturing all fund-level and sub-fund-level data in one place; the [TS:Xn] codes then form a direct, auditable bridge to the Annotated Prospectus, guiding the population of every clause in the final CSSF-filed document, with optional clauses explicitly included or excluded based on the YES/NO decisions recorded in the Term Sheet, and no risk of data being transcribed inconsistently or boilerplate being left in by oversight.

Template for transfer of data relating to the CSSF's self assessment questionnaire for Funds ("SAQF").

DDQ For Portfolio Manager

This AI-system Assessment Tool was produced by EFAMA's AI Task Force, composed of national fund associations across Europe, as well as corporate and associate members of EFAMA. It provides a straightforward, easy, and free-to-use framework for firms to document and classify their AI applications in line with the EU AI Act’s risk-based approach. This Tool also takes into account interdependencies with other regulations (Mifid II, GDPR, DORA …, etc.). It furthermore allows the assessment of an AI system with regards to corporate risk as well as the technology dimension of it.

The European Fund Classification (EFC) is a pan-European classification system of investment funds which has been developed by the European Fund Categorisation Forum (EFCF) – a dedicated Task Force of the European Fund and Asset Management Association (EFAMA). The EFC has created a single transparent pan-European methodology for comparing funds. Thanks to this categorisation investors know what they can expect when they invest in an EFC compliant fund. A pan-European classification structure has never been more important. UCITS are recognized worldwide as highly regulated and transparent investment products, suited for retail and institutional investors alike. Also non-UCITS, Alternative Investment Funds (AIFs), are increasingly sold across borders. Every effort that can be made to reinforce this core benefit of easy comparability will further strengthen the industry in its positioning within the savings arena. As a result the EFC investment fund universe is split into 6 main, high-level categories: Equity, Bond, Multi-asset, Money market, “Absolute Return Innovative Strategies” (ARIS) and Other. The term “fund” covers all types of funds, including all funds classified according to the EU UCITS (Undertakings for Collective Investments in Transferable Securities) Directive and AIFM (Alternative Investment Fund Managers) Directive. Exchange-Traded Funds (ETFs) are also included and are classified the same way as conventional funds.

The term sheet serves as a concise, structured summary of the key commercial, governance, and operational terms proposed for the establishment and functioning of the Fund and its compartments. Its purpose is to provide all stakeholders with a clear, upfront understanding of the fund structure, investment strategy, commitment mechanics, fees, parties involved, and regulatory considerations before drafting full legal documentation. By setting out these provisions in a streamlined format, the term sheet helps align expectations early, facilitates efficient negotiations, and reduces the risk of misunderstandings during later stages of fund formation. It also enables potential investors to quickly assess the proposed framework—such as investment restrictions, fee arrangements, co‑investment opportunities, and governance processes—thereby supporting informed decision‑making and contributing to a more transparent and efficient fund‑setup process.

Collection for Testing the Platform