Tue, Jan 24, 2017
A A A
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

bc

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 - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised