Europe’s Alternative Investment Fund Managers Directive (AIFMD) is in full effect and the consolidated AIFMD reporting template – commonly referred to as Annex IV – is now final.  Although some fund managers have already filed Annex IV, the vast majority will do so in January 2015, for the reporting period ending on December 31, 2014.  A prior article in the HFLR described efforts to harmonize Annex IV and Form PF.  See “A Practical Guide to AIFMD Reporting for Non-E.U. Fund Managers: Reporting Under AIFMD versus Form PF,” Hedge Fund Law Report, Vol. 6, No. 20 (May 16, 2013).  This article updates the discussion in that prior article, providing a useful side-by-side comparison of reporting under the two forms.  Firms should take note that even where this comparison highlights similarities between the two forms, there are still certain nuances that could trip up filers (and this article provides examples of such nuances).  The authors of this article are Jeanette Turner, Managing Director & General Counsel at Advise Technologies, LLC; David Vaughan, a partner in Dechert LLP’s Washington, D.C. office; Chris Gardner, a partner in Dechert LLP’s London office; and Rachel Fenwick, an associate in Dechert LLP’s London office.