Sat, Sep 20, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali