Substance Over Form
London-based advisory and reporting services group focused on regulatory reporting, risk and ESG solutions for alternative investments and regulated institutional investors. Core activities include ongoing investor reporting across regulatory frameworks, regulatory advisory, independent validations and model audits for infrastructure assets, and empirical research on ESG/PAI data quality for illiquid assets.
Industries
Nr. of Employees
small (1-50)
Substance Over Form
Products
PAI Validation Framework for Alternative Investment Portfolios (2023)
Published, benchmark-based validation framework for PAI disclosures and ESG template submissions, designed to improve ESG data quality and support outlier detection for illiquid funds.
SOF EET / PAI Research reports (2022, 2023, 2024)
Annual empirical research reports documenting ESG/PAI data availability and trends among large samples of illiquid funds, with downloadable reports and datasets summarising coverage and quality metrics.
SOF ESG Reporting Services
ESG reporting services including the regular provision of the European ESG Template (EET) and BAI Art. 8 Taxonomy +CSRD/ESRS Reporting for alternative investments.
SOF Investor Reporting Services
Reporting and consultancy services designed to address regulatory frameworks such as CRR II, Solvency II, IORP II, VAG, and ESG regulations for alternative investments.
European ESG Template (EET)
European ESG Template reporting services.
VaR & Stress Testing / MaRisk BA
Risk reporting, VaR, and stress testing services.
PAI Validation Framework for Alternative Investment Portfolios (2023)
Published, benchmark-based validation framework for PAI disclosures and ESG template submissions, designed to improve ESG data quality and support outlier detection for illiquid funds.
SOF EET / PAI Research reports (2022, 2023, 2024)
Annual empirical research reports documenting ESG/PAI data availability and trends among large samples of illiquid funds, with downloadable reports and datasets summarising coverage and quality metrics.
SOF ESG Reporting Services
ESG reporting services including the regular provision of the European ESG Template (EET) and BAI Art. 8 Taxonomy +CSRD/ESRS Reporting for alternative investments.
SOF Investor Reporting Services
Reporting and consultancy services designed to address regulatory frameworks such as CRR II, Solvency II, IORP II, VAG, and ESG regulations for alternative investments.
European ESG Template (EET)
European ESG Template reporting services.
VaR & Stress Testing / MaRisk BA
Risk reporting, VaR, and stress testing services.
Services
Preparation and delivery of investor reporting for alternative investment funds across Solvency II, VAG/AnlV, CRR/CRR3, Basel/MaRisk, SFDR, Taxonomy and CSRD/ESRS frameworks.
Consulting on implementing ESG reporting processes, taxonomy assessments, PAI collection and CSRD/ESRS deliverables for illiquid assets.
Independent validation of qualifying infrastructure status, transaction and rating model audits, and development of validation tools for infrastructure investments.
Benchmarking and validation services for PAI and ESG template submissions, identification of data outliers and improvements to EET delivery quality for illiquid fund reporting.
Integrated consulting combining reporting delivery with regulatory know-how transfer, capital optimisation, look-through analysis, model development and bespoke regulatory classifications/opinions.
Workshops and webinars on ESG reporting templates, regulatory updates and best practices for GPs, LPs and industry participants.
Preparation and delivery of investor reporting for alternative investment funds across Solvency II, VAG/AnlV, CRR/CRR3, Basel/MaRisk, SFDR, Taxonomy and CSRD/ESRS frameworks.
Consulting on implementing ESG reporting processes, taxonomy assessments, PAI collection and CSRD/ESRS deliverables for illiquid assets.
Independent validation of qualifying infrastructure status, transaction and rating model audits, and development of validation tools for infrastructure investments.
Benchmarking and validation services for PAI and ESG template submissions, identification of data outliers and improvements to EET delivery quality for illiquid fund reporting.
Integrated consulting combining reporting delivery with regulatory know-how transfer, capital optimisation, look-through analysis, model development and bespoke regulatory classifications/opinions.
Workshops and webinars on ESG reporting templates, regulatory updates and best practices for GPs, LPs and industry participants.
Expertise Areas
- Regulatory investor reporting for alternative investments
- ESG and sustainable finance reporting and PAI validation
- Model validation and audits for infrastructure assets
- Risk and regulatory capital analysis for alternative asset classes
Key Technologies
- European ESG Template (EET)
- BAI / Art.8 taxonomy reporting templates
- Tripartite Template (TPT)
- Regulatory reporting templates for Solvency II, CRR/CRR3 and VAG/AnlV
News & Updates
Presentation and webinar collaboration on BAI ESG Template updates and implications for alternative investments and institutional LP reporting.
Announcement and download of the published PAI validation framework and its benchmarking approach for ESG template submissions.
Research findings from engagement with over 1,000 illiquid target funds on PAI availability and EET deliveries for the 2024 reference period.
Regulatory update covering BAI ESG Template release, Tripartite Templates, CRR3 transition and other developments relevant for alternative investments and institutional LPs.
Company anniversary announcement marking a decade of operations and reflecting on contributions to industry and academia.
Publication summarising combined findings from 2022 and 2023 research on ESG/PAI data availability and trends among illiquid funds.
Presentation and webinar collaboration on BAI ESG Template updates and implications for alternative investments and institutional LP reporting.
Announcement and download of the published PAI validation framework and its benchmarking approach for ESG template submissions.
Research findings from engagement with over 1,000 illiquid target funds on PAI availability and EET deliveries for the 2024 reference period.
Regulatory update covering BAI ESG Template release, Tripartite Templates, CRR3 transition and other developments relevant for alternative investments and institutional LPs.
Company anniversary announcement marking a decade of operations and reflecting on contributions to industry and academia.
Publication summarising combined findings from 2022 and 2023 research on ESG/PAI data availability and trends among illiquid funds.