AIFMD: What do you need to know, and how we can help? | Brochure
Background and introduction on AIFM Directive
The Alternative Investment Fund Managers Directive (“AIFMD”) was approved by the European Parliament on 11 November 2010. Deloitte has been active in its assembly of a dedicated group of specialists to assist our clients to understand and address the impact that the Directive will have on their business.
The Directive will impact:
- how Alternative Investment Fund Managers (“AIFM’s”) distribute their funds, cross boarder or otherwise;
- how they remunerate their business; and
- the support required to maximise their potential
In December 2010, the European Commission issued a request for guidance to the newly formed European Securities and Markets Authority (“ESMA”) in relation to the many subordinate measures found within the Directive. The final guidance is expected in November 2011 with draft guidelines to be released mid-2011. While there is still some uncertainty about what the Directive's level 2 measures will bring, this document should be an aid to simplify the key provisions to date and assist AIFM's to become AIFMD 'ready'.
We encourage you to contact one of our specialists listed on the PDF below, as we would be delighted to have a discussion with you about the Directive and its impact on your business.
How Deloitte can help?
Business strategy review
Deloitte can assist you to identify the optimum strategy for the sale and distribution of your products including a cost benefit analysis of the decision to opt in to the Directive.
Capital adequacy review
Deloitte can assist you in verifying your required capital reserves, and reviewing submissions to the relevant regulator once the Directive has been implemented.
Deloitte can assist you to identify the options available for structuring your products and performing a critical analysis in relation to the use of internally managed AIF's, alternative routes to market (e.g. UCITS), as well as tax efficient relation of operations into or out of the EU.
Compliance readiness review
Deloitte can assist you through performing a gap analysis in respect of your existing compliance functions to ensure compliance with best practice and the Directive.
Deloitte can assist by reviewing current remuneration structures, comparing against the requirements of the AIFMD and indentifying potential gaps. We can provide support to design of remuneration policies and structures which align with the requirements of the AIFMD, while still supporting the key objective - to attract, retain and motivate key talent.
Due diligence services
Deloitte can assist in performing an assessment of the design and implementation of initial and ongoing due diligence on service providers to ensure compliance with the Directive and industry best practice.
Furthermore, we can offer independent due diligence services.
Deloitte offers a wide range of assurance services in relation to the valuation function, such as reviews of valuation policies and procedures in relation to best practice and the criteria set down by the Directive.
Furthermore, our dedicated valuation professionals can also offer independent valuation services.
This brochure is available in PDF format only.
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