EU AIFM Draft Directive

Released on 29 April, The European Commission's draft Alternative Investment Funds Management Directive (AIFM Directive) has caused waves of consternation across the industry in Europe and further afield. However, the key issues are likely to be addressed during the co-decision negotiations between the Council of Ministers and the European Parliament over the coming weeks.

Clearly, this Autumn will determine the shape of the legislation that evenutally comes into play. What this will be is, as yet, far from clear. But what is clear is that some form of legislation - impacting the alternative investment industry very broadly - will be introduced.

We are committed to supporting the Channel Islands finance industries as they face and deal with the challenges presented by the AIFM Directive and will be proactively supporting our clients through the challenges they will face.

Please contact us should you wish to discuss anything related to this issue or to find out about the latest developments.