Europe’s answer to the financial crisis consisted in the preparation of an unprecedented number of bills. UCITS IV and AIFMD (Alternative Investment Fund Managers Directive) have been passed, with UCITS V, MIFID II, MIFIR (Markets in Financial Instruments Directive/Regulation) and EMIR (European Market Infrastructure Regulation) to follow suit. It is the European investment sector that is particularly affected by Europe’s eagerness to create new legislation.
The Alternative Investment Fund Managers (AIFM) Directive is one of the most ambitious and controversial directives. On 2 Sept. 2009, London’s mayor Boris Johnson, together with 200 of London’s capital fund managers, took the Eurostar to Brussels in protest of this “blatant attack” on the British fund industry.
Despite his protest, the first phase of the directive was published in the Official Journal of the European Union on 8 June 2011.
Its national implementation and the expected coming into force in 2013 means that almost all investment funds without UCITS passport have to apply for a license to keep operating in Europe.
Is AFIMD Also Affecting Your Funds?
If you are managing hedge funds, private equity funds, property funds, fund of funds or any other non-UCITS fund you are affected by Brussels’ quest to reform Europe’s fund industry.
We know that adjusting to continuously changing legal frameworks is challenging. We have the know-how of over 20 years’ experience in consulting Europe’s largest investment funds and are therefore in the perfect position to support companies in dealing with the new regulations. Please contact us for more information on how we can assist you in making the necessary adjustments to the AIFMD requirements.
Averroes Concept Lounge provides you with information on: – leverage approach requirements – new risk ratio calculation rules – new reporting and disclosure requirements for investors and supervisory authorities – valuation and transparency
We have over 20 years’ experience in practical support and coaching to ensure a smooth transition and manageable project costs for our clients.
Please feel free to contact us, we are looking forward to hearing from you!