The City of London Law Society (CLLS) has responded to the FCA's proposals to extend AIFMs' reporting requirements beyond the strict requirements in the AIFMD. Its comments include the following: (i) AIFMs have experienced considerable difficulty with reporting under the AIFMD and that the extent of these requirements is a significant factor for non-EEA AIFMs considering whether to market their funds in the EEA; (ii) there are considerable ongoing uncertainties over the data required for reporting and definitions, such as the definition of leverage, leading to a risk that the data being filed is inconsistent and potentially unreliable; (iii) more caution is needed before goldplating the requirements of EU directives in the light of the referendum vote for the UK to leave the EU; and (iv) it is unclear whether the benefit involved in the FCA gathering information is sufficient to justify the additional reporting burden for AIFMs.