Managing rapid change to maintain competitiveness is a vital skill in the investment funds industry.
The drafting of the Alternative Investment Fund Managers Directive illustrates this point. Having followed over 18 months of drafting and redrafting of proposals, the path leading to the final draft with the ongoing dialogue over differing approaches has been long and difficult. Continual change of position may have made it difficult to keep up and questions do arise, particularly as a result of there being several contrasting versions.
We have therefore compiled some frequently asked questions and provided you with their answers.