The Alternative Investment Fund Managers Directive (AIFMD) will have a major impact on the asset management sector as it regulates alternative investment fund managers who market or manage funds in Europe targeted at professional investors. With the rapid growth in alternative investment funds focussed on a wider range of asset classes the AIFMD heralds increased regulatory scrutiny on the sector.
Member states of the European Economic Area (EEA) had to transpose the AIFMD into national law by 22 July 2013. However, a phased approach to full implementation means that the Directive currently affects EEA and non-EEA fund managers in different ways. Becoming fully authorised will also allow certain fund managers to undertake pan-European management and marketing activities.
Our Asset Management team is currently advising managers on compliance with the Directive and can also advise on a number of issues that the Directive touches upon, including fund manager remuneration policies, the use of depositaries and the treatment of structured products held in funds. We have produced briefings on what both EEA and non-EEA managers need to know about the Directive and a series of roadmaps to help guide you through this major regulatory development.
For further information on how we can assist you please contact one of the lawyers listed.
Alternative Investment Fund Managers Directive - Roadmaps
Alternative Investment Fund Managers Directive - Consolidated Version