Thu, Mar 22, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

AIMA launches AIFMD Implementation Project

Tuesday, November 06, 2012

Andrew Baker
Opalesque Industry Update - The Alternative Investment Management Association (AIMA), the global hedge fund association, has announced its AIFMD Implementation Project ahead of the release of the final implementation text of the Alternative Investment Fund Managers Directive (AIFMD) by the European Commission.

AIMAs AIFMD Implementation Project will aim to provide guidance to the industry on complying with the Directive, create a forum for discussion within the industry on the practicability of the new requirements, and generate feedback on practical implementation issues that will be passed to policymakers.

AIMA will work in partnership with PwC, the corporate audit, tax and consulting firm, on the creation of an online operational guide that will assist hedge fund firms in preparing for and tracking their compliance readiness as they approach the Directives July 2013 transposition deadline. It is expected that the guide will be published by the end of the year.

AIMA will also publish a handbook on the Directive that will aim to provide guidance regarding the AIFMDs requirements in areas of uncertainty. It will appear later than the operational guide in order to take account of issues highlighted by the process of implementing the Directive at an EU member state level. AIMA also intends to host seminars on the Directive around the world.

Andrew Baker, AIMAs CEO, said: We expect the AIFMDs implementing measures to be published shortly, and when that day finally comes, the global industry will have only a few months to comply with probably the most extensive set of regulatory reforms in its history. We are under no illusions as to the size of the task facing the industry, but AIMA is determined to play a leading role in these efforts.

I would like to thank the leaders of the working groups and all of the AIMA member firms who are involved in the project for volunteering their time and expertise. Their contributions have been invaluable during the AIFMD negotiations and will be even more so during the implementation phase.

Press release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t

  3. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  4. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu

  5. Opalesque Exclusive: Northern Trust builds on blockchain-backed private equity solution[more]

    Bailey McCann, Opalesque New York: Private equity clients at Northern Trust can now carry out audits of private equity lifecycle events directly from the blockchain. Northern Trust, working with PwC and other audit firms in Guernsey, has added this feature to its existing solution set for private