The Alternative Investment Fund Managers Directive

The alternative investment funds industry is shortly to be subject to European authorisation and conduct of business requirements for the first time, with detailed rules on a very diverse range of issues such as: remuneration, leverage, delegation and the ability to manage more than one fund or perform other investment activities. AIFMD covers those responsible for the portfolio or risk management of all types of alternative investment funds, such as hedge funds, private equity funds and property and commodity funds. It also introduces a harmonised regime for the promotion of such funds to professional investors.

In the UK, alternative collective investment schemes have been the subject of regulation for a number of years across some fairly uncoordinated areas such as marketing, operating and managing. At European level, however, other than in relation to the Undertakings for Collective Investment in Transferable Securities (“UCITS”) Directive (a directive which enables certain retail friendly schemes, which are operated on very prescriptive requirements, to be marketed across the EU), there has been little harmonised regulation of collective investment schemes or their operators or managers. The introduction of AIFMD at European level will result in a harmonised and very comprehensive regime…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.

Click on the link above to download briefing.

Briefings from Taylor Wessing

View more briefings from Taylor Wessing

Analysis from The Lawyer

  • singapore orchid

    Singapore: Cash course

    The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world

  • Money 317

    Crunch boom

    Financial disputes are starting to dominate the English courts as the long-awaited fallout from the downturn finally comes to town

View more analysis from The Lawyer

Overview

5 New Street Square
London
EC4A 3TW
UK
http://www.taylorwessing.com

Turnover (£m): 228.00
No. of Lawyers: 860
No. of Lawyers (Asia Pacific): 79
Offices (Asia Pacific): 3

Jobs