Cookies on the Investment International website
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time.

New to Investment International?

Welcome, and thank you for visiting our website.

Investment International is the leading publication for investors interested in the world of international investment.

Our aim is to give you intelligent commentary on the most important financial stories, and help you to profit from them. If you've enjoyed what you've read so far why not sign up for our FREE investment alert.

Every week the Investment International team sends out a hard-hitting newsletter packed with news and analysis of the top stories this week plus the best investment opportunities on the market. We always look at the bigger picture like the Eurozone Crisis, and explain how this will affect YOUR investments.

Ask me later
No thanks

Watchdog publishes proposed AIFMD rules PDF Print E-mail
News - Alternative Investments
Wednesday, 14 November 2012 14:48
The Financial Services Authority has published its first consultation paper on implementing the Alternative Investment Fund Managers Directive (AIFMD) to provide clarity to firms on those areas where the UK can apply its own requirements.

The AIFMD applies to investment companies and a wide range of firms that manage funds, including hedge funds, private equity funds and retail investment funds.

The proposed rules and guidance reflect the Level 1 Directive only, as the European Commission has not yet issued its Level 2 regulation.

The FSA has made proposals in the areas where there is sufficient certainty to consult:
-   The prudential regime for all types of alternative investment fund manager;

-   The regime for depositaries, including eligibility, capital requirements and the requirement to act independently;

  The Level 1 requirements on alternative investment fund managers, including organisational matters, duties in relation to management of funds and transparency obligations towards investors and the FCA.

Sheila Nicoll, head of conduct policy at the FSA, said: “We want to give firms as much time as we can to consider our proposals and prepare for implementation.

“Work is continuing at EU level and there are still uncertainties around aspects of AIFMD.

“However, there are a number of areas where we do have certainty and we have focused on these in our consultation.  Where we can, we will take a flexible approach that seeks to avoid imposing requirements which go beyond those of the Directive.”

The consultation closes on 1 February 2013. The FSA will publish a second consultation in February 2013 on other aspects of AIFMD implementation.

Most Read

Latest Guides

The Most Iconic Residential Address in Liverpool
Hever Hotel
Student Property Guide
Hever Hotel
Self Invested Personal Pension Guide for UK Expatriates
Welcome to Hever Hotel
Hever Hotel
Discover the real power behind your pension
Hever Hotel
St. Kitts & Nevis: Emerging luxury destination
St.Kitts Property Guide 2011
Agricultural Investment Report
St.Kitts Property Guide 2011
Currency Guide
Currency Expectations Report 2010-2011
Offshore Banking Guide
Offshore banking Guide 2010-2011
Pension Planning Guide
International Pension Planning Guide 2010-2011
Caribbean:Buying Guide
St.Kitts Property Guide 2011
Eurozone Crisis
Eurozone Crisis Report 2010-2011
Tax Guide
International Tax Guide 2010-2011
Follow us on Twitter
Find us on Facebook