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Alternative Market Briefing

Global Perspectives' white paper highlights AIFMD compliance requirements

Monday, May 06, 2013

Beverly Chandler, Opalesque London: The latest white paper from Shane Brett’s Global Perspectives, reviews the compliance requirements for the AIFMD regulation which comes into force in the 27 countries of the European Union in July 2013. Brett writes: "The main tenets of this wide ranging legislation are now well known throughout the industry. Put simply, AIFMD will change the alternative investment industry forever."

This is the first in a two part Global Perspectives white paper with the second part due in June 2013. The second part will cover fund domiciliation; fund manager liability; investor and regulatory reporting; liaising with Service Providers; Internal organisational change; managing illiquid investments and market opportunities presented by AIFMD.

Right now, Brett says fund managers should be completing a detailed impact assessment to ensure they are ready for AIFMD. He highlights the points of action required.

1. Identifying the AIFM

The very first AIFMD task an Alternative Investment Fund Manager (AIFM) must complete is to identify who the fund manager really is. The correct AIFM must be identified for each Alternative Investment Fund (AIF) in the investment group. This is crucial because this AIFM will be the one legally responsible for ensuring the AIF is compliant with all AIFMD regulation......................

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