Sat, Dec 16, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

AIFMD implementation tools announced by AIMA

Thursday, January 31, 2013
Opalesque Industry Update - The Alternative Investment Management Association (AIMA), the global hedge fund association, has launched an online self-diagnostic tool and detailed guide to implementation for firms needing to comply with the Alternative Investment Fund Managers Directive (AIFMD).

The diagnostic tool and implementation guide, jointly produced by AIMA and PwC, the professional services firm, will assist AIMA member firms in preparing for and tracking their compliance readiness.

The guide sketches out the various strategic and business options both EU and non-EU managers should consider when planning for compliance with the Directive. It is supplemented by an online self-diagnostic tool that will assist managers as they approach the relevant implementation deadline.

Andrew Baker, AIMA’s CEO, said: “We hope that these tools will enable hedge fund firms to get a better sense of the steps that they will need to take in order to respond to and comply with the provisions of the AIFMD.

“The AIFMD is a complicated piece of legislation. It is being implemented in EU Member States in a variety of different ways, while non-EU or ‘third country’ jurisdictions are also taking differing approaches to it. This leaves hedge fund firms across the world facing a lot of complex choices.

“Even now, the full legal and regulatory framework for the AIFMD has not been fully finalized. But the industry needs to start its implementation efforts now - since the sooner one starts, the less costly it will be in the end.”

Andrew Baker added: “The diagnostic tool and implementation guide are not intended to be a substitute for legal advice but rather, a means for individual firms to easily identify the areas of the Directive that are most relevant to them and indicate some of the strategic and operational choices they now face.”

The diagnostic tool and implementation guide form part of AIMA’s AIFMD Implementation Project, which seeks 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.

As part of the project, AIMA will also publish a handbook that will aim to provide guidance regarding the AIFMD’s requirements in areas of legal uncertainty. This will appear once the national legal frameworks across the EU become clearer.

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  3. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  4. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans

  5. eVestment: hedge funds extend winning streak[more]

    Bailey McCann, Opalesque New York: Hedge funds marked their 13th consecutive month of positive returns in November with +0.47% average returns for the month, according to the latest Hedge Fund Performance Report from eVestment. Activists, long/short and quant equity strategies are producing