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Beverly Chandler, Opalesque London: Britain’s HM Treasury has published an informal discussion paper regarding the Alternative Investment Fund Managers Directive.

Entitled Policy options for implementing the Alternative Investment Fund Managers Directive, the discussion paper invites initial views on 'a number of the high level policy decisions that will need to be taken as part of the transposition of the Alternative Investment Fund Managers Directive in the United Kingdom’.

The paper is targeted at 'UK-based fund managers that deem at least part of their regular business as managing AIFs (including UCITS management companies if they manage AIFs as well), discretionary investment managers, operators of unregulated collective investment schemes, investment companies that do not employ an external fund manager, depositaries and custodians holding the assets of AIFs, prime brokerage facilities, investors, trade bodies, and others interested in the Directive and its transposition’.

The Treasury is keeping the consultation period open from 14 March 2012 to 4 May 2012. Law firm Herbert Smith, comments that the Treasury’s discussion paper accompanies the Financial Services Authority’s discussion paper pu......................

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