Wed, Aug 23, 2017
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. Investing - David Tepper sells airline stocks, except Delta[more]

    From Forbes.com: Head of successful hedge fund Appaloosa Management, David Tepper shied away from airlines in the second quarter after upping his bets in the first three months of the year, according to his portfolio filing released this week. Tepper sold all of his position in United Continen

  2. Opalesque Exclusive: Update: Emerging long-biased hedge fund expands coverage[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Left Brain Capital Management, which manages Left Brain Capital Appreciation Fund

  3. Investing - Silchester International Investors buys 5% stake in bookie William Hill, Hedge funds split over Microsoft, Top hedge funds are bullish on these 3 mega-cap stocks, Hedge funds betting demise in small-cap stocks will get worse[more]

    Silchester International Investors buys 5% stake in bookie William Hill From Thisismoney.co.uk: A leading investment fund has put its cash behind under-pressure William Hill. Mayfair-based Silchester International Investors has bought 5 per cent of the bookmaker's stock - which has almos

  4. Fund Profile - A $3.4bn hedge fund's letter raises a fundamental question about the future of the industry[more]

    From Businessinsider.com: Tourbillon Capital, which manages $3.4 billion, has been losing money in its flagship fund as the bull market rages on. The New York firm, which focuses on stocks and is run by Jason Karp, has written in quarters past about why the firm is struggling. The firm's most recent

  5. Investing - ValueAct increases stake in Kravis' KKR, Cargo ship giant Maersk Tankers invests in quant hedge fund[more]

    ValueAct increases stake in Kravis' KKR From NYPost.com: ValueAct just cozied up closer to buyout baron Henry Kravis. A $16 billion hedge fund run by Jeffrey Ubben, ValueAct has increased its stake in the Kravis-run KKR to 6.1 percent, according to a regulatory filing late Monday.