Thu, Aug 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Adoption of AIFMD Level 2 Regulations: not everybody is happy about it

Friday, December 21, 2012

Benedicte Gravrand, Opalesque Geneva: - As Europe has just adopted Level 2 Regulations for the AIFMD and its Paris-based watchdog has just issued consultation papers to fine tune the Directive, EU member states can now start preparing for the implementation of the Directive due in July 2013 into their own national law. One UK industry body, however, expressed deep disappointment in this latest development.

On 19th December, the European Commission adopted the implementing of Level 2 Regulations for the Alternative Investment Fund Managers Directive (AIFMD), which will now be subject to a three-month study period by the European Parliament and the Council, and will enter into force after that period or by July 2013, unless either of these bodies objects.

The same day, the European Securities and Markets Authority (ESMA) issued consultation papers on two key AIFMD concepts. According to law firm Maples and Calder, both consultations aim to add clarity to the AIFMD text and foster a common, uniform and consistent application once the rules take effect. The first consultation elaborates on the definition of an 'AIF’; the second consultation provides draft regulatory technical standards on how AIFMD will affect certain typ......................

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius