So far, over 927 applications for Alternative Investment Fund Managers Directive (AIFMD) authorisation or registration, the Financial Conduct Authority said.
This is slightly ahead of expectation a spokesperson for the regulator said, adding: “We’ve been pleased with the level of engagement we’ve had from industry.”
“We expect all applications to be completed within the expected timelines. Once implemented, AIFMD will form part of the FCA’s on-going supervision of firms using our normal regulatory tool kit,” it said.
Of the applications so far received, the FCA said 334 firms have been authorised or registered, while a 119 firms have been approved with a deferred authorisation or registration date of July 2014.
Of the 474 applications that are yet to be finalised, 398 of these are already being processed by case officers and 76 cases are ready for imminent authorisation.
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