The Alternative Investment Fund Managers Directive — practical implications for your business - .PDF file.
The scope of the Alternative Investment Fund Managers Directive (AIFMD) is very broad. It is not limited by reference to asset classes or investment strategies. It captures all arrangements which look and feel like investment funds. Nabarro has been following the implementation of the AIFMD since the beginning and advising clients on the impact it will have on their businesses. More information on our experience can be found later in this document.
The AIFMD is seen by many as a burden and an expense: additional regulations, more prescriptive requirements and procedures, increased reporting and disclosure to both investors and regulators, and increased capital requirements. But the AIFMD also presents some benefits for your business: there will be more consistency throughout the industry; potentially you can make cost savings by streamlining your business model; and in due course there will be a level playing field for marketing funds and raising capital in the EU…
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