Sun, Apr 22, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its