AIFMD technical summary - An overview | Whitepaper
Introduction and overview
The Directive sets out the rules for authorisation, ongoing operation and transparency of Alternative Investment Fund Managers (AIFMs), managing and/or marketing Alternative Investment Funds (AIFs) in the European Union (EU), in order that new "competent authorities" to be created in each member state and empowered by law/regulation to supervise AIFMs can monitor and manage systemic risk.
The European Commission (EC) will adopt measures specifying the precise details of how the obligations in this Directive are to be implemented (Level 2 Rules). The majority of these Level 2 Rules are anticipated to be finalised during Q3 2011.
There are several key themes dealt with by the Directive, and these have been segregated into ten chapters. A brief overview is presented below.
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