The impact of the Alternative Investment Fund Manager's Directive (AIFMD)

From 22 July 2013, AIFMD will require managers to obtain authorisation, meet on-going operating conditions and comply with transparency and reporting requirements.

 

How will this regulation fundamentally change the rules in the alternatives industry? What’s involved for real estate, private equity and hedge fund managers? And what are the key dates of the implementation process?
 


Issues


Strategy, marketing and distribution - the changes AIFMD will influence

This update provides you with more information on the strategic choices available and how this choice will impact your route to market under AIFMD.


European Securities and Markets Authority (ESMA) guidelines

This briefing document provides further details on the final ESMA report and guidelines on remuneration.


AIFMD Level 2 directive now confirmed

Read our insights on the final provisions

The Level 2 regulation provides the long awaited detail behind many of the elements of AIFMD, which fund managers and service providers needed before they can design and fully implement AIFMD change plans. AIFMs and depositaries now need to move forward to review where they are against AIFMD deadlines and begin to make the appropriate changes.


Helping you to respond to the Alternative Investment Fund Managers Directive (AIFMD)

The AIFMD was introduced to provide a common regulatory regime for managers of non-UCITS funds, creating a single European market in this area.

Understanding a new regulation and more importantly its impact can be challenging, particularly when confusion exists around the detail.

We have been working with a number of fund managers and service providers to prepare their response to AIFMD. Whilst doing this, we have identified a number of common challenges that fund managers will need to address when implementing a regulatory change programme.

This placemat sets out these challenges, detailing the type and measures of the impact.


How can we help?