Fri, May 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

UK Treasury's Q&A publishes narrower focus on AIFMD implementation

Thursday, May 16, 2013

Beverly Chandler, Opalesque London: Owl Regulatory Consulting reports that the UK Treasury’s recent 'Q&A’ on the transposition of the AIFMD has been reinforced this week by its Responses to the two Consultations that it published earlier this year. Owl principal, Oliver Lodge, writes: "Some will have noted that the Q&A in the main Response omits several of the items covered in the freestanding Q&A of last month. This is not a change of heart from HMT, just a narrower focus in the Response."

Lodge comments that what is rather striking about the Q&A is that it focuses rather more on what the Treasury plans to do than it does on any sort of interpretation of their consultations. "Basically, HMT is accepting that its drafting needs some 'tidying up" Lodge says, "but it also shows that the UK regulators (HMT and FCA) are determined not to over-egg the regulations that transpose this dreaded directive. It is all consistent with their dislike of AIFMD, their view that it imposes a lot of requirements on fund managers where investors have no need of additional protection and their determination that the UK industry will be no more hobbled by AIFMD than is strictly required by the letter of the EU legislation."

Lodge finds that the key points to emerge are:

  • Existing AIFMs will be able to launch new funds during the transitional period without losing their temporary exemption. Quite a few firms have been......................

    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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year