Tue, Sep 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Kinetic asks how the FSA will implement the provisions of the AIFMD

Thursday, March 01, 2012

Beverly Chandler, Opalesque London: Regulatory and compliance consultantcy firm, Kinetic Partners, reports that the FSA’s January Discussion Paper concerning the transposition of the AIFMD Directive gives useful insight into the way the FSA has interpreted the Directive.

The FSA deadline for comments on its Discussion Paper is 23 March. Kinetic reports that the FSA estimates that over 2,650 investments managers and collective investment schemes could be within the scope of the new regulator’s ("FCA") perimeter and that over 1,000 firms and schemes are likely to be within the scope of the Directive. "The FSA will undertake a preliminary firm categorisation exercise to determine more accurately identify the number of firms and schemes that are likely to be within the scope of the Directive" Kinetic writes.

Kinetic advises that firms will need to consider the following factors when deciding the extent to which the Directive will affect them:

  • the domicile of Alternative Investment Fund ('AIF’);
  • the location of the potential Alternative Investment Fund Manager ('AIFM’);
  • value of AIF funds under management;
  • the extent and location of any marketing activities in the EU;
  • legal and contractual arrangements between the AIFM and the AIF under management;
  • the location of the AIF depositaries

Key pract......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions - Canada's pension funds lever up[more]

    From Institutionalinvestor.com: Canadian pension plans are among the most admired institutional investors for their prowess as money managers. Now pension plans in Canada are upping the ante, increasingly issuing long-term bonds and using the borrowed money, or leverage, to try a

  2. Manager Profile - The three quants in their 20s running a hedge fund making $1 billion of trades daily[more]

    From Forbes.com: In an office overlooking downtown Boston, the views are partially obscured by math formulas and technical drawings that have been scribbled on the windows. Wearing a T-shirt with the words "machine earning" printed on it, Luca Lin says the formulas are being developed to help trade

  3. News Briefs - Iron Cove Partners launches hedge fund manuscript management & professional liability insurance policy, Private equity, hedge funds eye bizav financing market. Blue Capital halts ILS fund buy-backs as hurricane Irma approaches[more]

    Iron Cove Partners launches hedge fund manuscript management & professional liability insurance policy Iron Cove Partners, a national insurance brokerage specializing in the needs of the alternative asset management community, today announced the launch of its newest insurance product, th

  4. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  5. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De