FSA consults on implementing the AIFMD: another step, but still more to come…

The FSA published the first of two consultation papers yesterday, setting out how the Alternative Investment Fund Managers Directive (AIFMD) will be implemented in the UK. The second consultation paper is expected in February 2013. This paper follows the FSA’s discussion paper in January.

The scope of the consultation is limited because the European Commission’s level 2 implementing measures have still not been published. These are expected to be published this month.

The FSA is consulting on what it expects the level 2 measures to say, based on ESMA’s technical advice and not on the Commission’s draft regulation leaked in April. The FSA will not be consulting on the level 2 measures when they are published as they will be directly applicable to firms…

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

Click on the link above to download briefing.

Sign in or Register to continue reading this article

Sign in


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


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

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.

Analysis from The Lawyer

View more analysis from The Lawyer


Lacon House
84 Theobald's Road

Turnover (£m): 116.70
No. of lawyers: 405