FCA encourages firms to submit AIFMD authorisation applications now
Firms operating within the sector will already be aware that implementation of the Alternative Investment Fund Managers Directive (AIFMD) is subject to a one-year transitional period, ending on 22 July 2014. On 19 December 2013, the Treasury announced changes to the transitional provisions in place. As a result, firms already managing alternative investment funds (AIFs) are able to continue managing AIFs, even if they have not submitted authorisation applications in time for determination by the Financial Conduct Authority (FCA). As long as a complete application has been submitted by 22 July 2014, the Treasury’s provision allows management activities to continue.
However on 1 April 2014, the FCA updated its AIFMD Latest News. The regulator is still advising firms to submit applications as soon as possible, ideally no later than 22 April 2014…
Click on the link below to read the rest of the Walker Morris briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
There has been a raft of recent cases where the Health and Safety Executive has successfully prosecuted individuals and firms who have permitted staff and others to suffer injury while working at height.
Guidelines for lawyers have been issued in response to increasing numbers of individuals representing themselves in court. Rebecca Courtney explains how the guidelines can help to ensure the smooth running of cases involving litigants in person.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.