AIFM D-Day — the key points in the FCA's policy statement
The Alternative Investment Fund Managers Directive (AIFMD) is now law in the UK. Unless alternative investment fund managers (AIFMs) are able to take advantage of the AIFMD’s transitional provisions, AIFMs must comply with those parts of the AIFMD that apply to them.
On 28 June 2013, Financial Conduct Authority (FCA) published Policy Statement 13/5: ‘Implementation of the Alternative Investment Fund Managers Directive’, which was the final piece of the jigsaw in the FCA’s AIFMD implementation. This briefing summarises the key points raised by the FCA in its policy statement…
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