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Alternative Market Briefing

Global Perspectives: Make sure to be ready to comply with AIFMD requirements

Wednesday, July 10, 2013

Benedicte Gravrand, Opalesque Geneva:

In the second part of its two-part white paper on the AIFMD’s compliance requirements, the author Shane Brett looks at further obligations and opportunities the Directive implies, including fund domiciliation, manager liability, reporting requirements, managing illiquid investments and the AIFMD Passport.

The European Union’s Alternative Investment Fund Management Directive (AIFMD) comes into force in the 28 member country bloc on July 22nd, 2013. The Directive applies to non-UCITS alternative funds either managed in or marketed into Europe, such as hedge funds, private equity funds, fund of hedge funds and real estate funds. Such funds will need authorisation as from next month and be subject to detailed rules.

Brett advises fund managers to produce an impact assessment to ensure they are ready for the new rules, and put in place concrete steps to make sure they will comply. And this is something his firm, Global Perspectives, a UK-based consulting and research house, can help with.

The first part of this white paper ("AIFMD - what you should be doing to comply - Part 1") examines some of the main areas fund managers should be reviewing to comply with AIFMD, namely identifying the AIFM, leverage calculations, fund manager authorization, depository selection, remuneration policies, and the requirements fo......................

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