Mon, Mar 19, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

AIMA responds to the final implementation text of the AIFMD

Wednesday, December 19, 2012
Opalesque Industry Update - The Alternative Investment Management Association (AIMA), the global hedge fund association, has responded to the publication of the final text of the implementing measures of the Alternative Investment Fund Managers’ Directive (AIFMD) by the European Commission.

The publication of the final text marks the conclusion of the current EU-wide legislative process and will shift the focus to a national level, with EU member states required to transpose the Directive into their national laws. Depending on the nature of their operations hedge fund firms may have to comply as early as July 2013 while many existing EU managers may have until July 2014 to apply for AIFMD authorisation.

Andrew Baker, AIMA CEO, said: “We are pleased that the text of the implementing measures of the AIFMD has been published. This will enable the global industry to make its final preparations for implementing the Directive by July 2013.

“We have engaged intensively with European and international policymakers ever since the release of the first draft of the AIFMD back in 2009, and while we may not agree with all of the final provisions – notably on areas like depositaries and delegation – it is now important to look forward. There is still a lot of work to do, and AIMA will be playing a leading role on behalf of its members.”

AIMA has pledged to assist the industry in meeting the various requirements. It recently announced that it will be developing an operational guide to the AIFMD, which will enable hedge fund firms to track their compliance readiness as they approach the deadline. AIMA also will publish a handbook on the Directive that will aim to provide practical guidance regarding the AIFMD’s requirements.

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. Investing - Hedge funds amass big bets against world's leading advertisers, Investor Elliott Management buys tiny stake in Wipro[more]

    Hedge funds amass big bets against world's leading advertisers From Hedge funds have amassed bearish bets of more than $3bn against the world's largest advertising companies in an attempt to profit as the industry undergoes ongoing wrenching disruption and slowing growth. Funds i

  2. News Briefs - Investcorp to launch a $100 million PE fund for Omani pension funds[more]

    Bahrain-based investment firm Investcorp will soon launch a $100 million fund dedicated to Oman's Pension Funds as part of its investment plan. 'The Opportunities Fund' will be focused on private equity investments in the U.S. and Europe and will target mid-sized companies across a broad range of se

  3. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/ Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  4. 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

  5. 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