The Alternative Investment Fund Managers Directive (AIFMD) provides an EU framework for the regulation and oversight of alternative investment fund managers.
In December 2012 the European Commission published its long-awaited Regulation that will provide the basis for implementing AIFMD across the EU by 22 July 2013.
For the first time, Alternative Investment Fund Managers (AIFMs) will be required to seek authorisation under a new and comprehensive EU regulatory framework with far-reaching business impacts.
AIFMs need to take a range of actions to ensure compliance and continued access to EU markets.
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On 27 March 2013, the European Commission published on its website a series of Q&A which address the key topic of transitional arrangements and other aspects of the Alternative Investment Fund Managers Directive (AIFMD).
ESMA has published its final report setting out guidelines for remuneration under the Alternative Investment Fund Managers Directive. Read our briefing on key changes.
The Central Bank has published its revised “AIF Handbook” with some notable changes following stakeholder feedback.
The European Commission published on 19 December its long-awaited Regulation that provides the basis for implementing AIFMD across the EU by 22 July 2013. The Regulation includes some notable changes from ESMA’s technical advice. ESMA has additionally published two consultation papers.
The Central Bank of Ireland has issued a consultation paper (CP 60) on the implementation of the Alternative Investment Fund Managers Directive (AIFMD) in Ireland. A new “AIF Handbook” will replace existing rules. Read our briefing paper.
ESMA sets out draft guidelines on how AIFMs will be required to implement remuneration policies to comply with the remuneration provisions of AIFMD. The proposed guidelines represent significant change for the industry.
ESMA has released a discussion paper addressing key concepts of AIFMD and types of AIFM. The discussion paper covers the definition of an AIFM, appointment of an AIFM, the definition of an AIF as well as the treatment of UCITS management companies and interaction with the MiFID regime.
On 16 November 2012 ESMA published its detailed technical advice to the European Commission. Read our key impacts briefing.
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