Introduction to AIFMD insight
The Alternative Investment Fund Managers Directive (AIFMD) is the EU regulatory framework for alternative investment fund managers (AIFMs), including managers of hedge funds, private equity funds and investment trusts.
The Directive has been around for some time now, being implemented in the UK on 22 July 2013.
AIFMD insight is our dedicated online resource housing our recent AIFMD materials that are strategically grouped under core topic headings so that relevant, up-to-date information is readily accessible. Our legislation tracker tab takes clients and contacts to links that take readers to the texts of the AIFMD, its implementing measures, level 3 materials and FCA papers. Further tabs tab take clients and contacts to recent Norton Rose Fulbright LLP publications on the Directive and our established surveys that cover 15 EEA jurisdictions that consider the AIFMD marketing passport and the requirements that non-EEA managers face when marketing non-EEA AIFs to professional EEA investors. Further tabs provide clients and contacts with an update on two particularly topical issues – the AIFMD review and the passport for non-EU AIFs and AIFMs. A further tab on AIFMD update provides a link to relevant AIFMD articles that have been published on our popular Regulation tomorrow blog.
Other developments significantly impacting on AIFMs and the asset management industry more widely are the Omnibus proposals and Brexit (particularly delegation). At present, due to the political uncertainty, it is too early to tell how the asset management industry will change but the European Commission’s notice to stakeholders in the field of asset management provides a stark warning as to the potential ramifications of a hard Brexit.