The main Irish and Luxembourg funds industry associations have largely welcomed the publication, on Wednesday, of the final so-called AIFM Directive Level 2 regulations, saying that they bring much-needed clarity to the situation.
40% of asset managers are unprepared for the impact of AIFMD, which will become law in every EU member state by July 2013, according to research from specialist fund service provider KNEIP.
The FSA has issued the first of two consultation papers on the implementation of the EU-driven Alternative Investment Fund Managers Directive (AIFMD) in the UK.
Irelands minister for finance has approved plans to introduce legislation which will allow Sicav structured funds to be domiciled in the country, as it gears up for the AIFMD.
RDR may be the main topic of regulatory conversation but don’t forget Kiids (which started yesterday)…and all the football scores such as Mifid II:Ucits IV…and then there’s FATCA from the US…and AIFMD…and…
Conflicting policies creates uncertainty for advisers and fund providers.
European regulator consults on the alternative investment directive that could up fund charges.
