Special Report: AIFMD

Monday 22 July marks a significant moment in the history of private equity: for the first time, the asset class will now be regulated on a European level. Though many initially opposed a perceived one-size-fits-all approach, the introduction of specific regulation for venture capital funds and the creation of a single market were deemed victories for the European private equity community. 

"The first draft of the AIFMD, designed to regulate hedge funds, could have proved highly destructive to the private equity business model had it become law," EVCA secretary general Dörte Höppner said in a statement. "From that point five years ago, we now have a final regulation which, while still not perfect, provides some tangible benefit, most obviously through the establishment of the single market."

As fund managers across Europe prepare to live with the impact of the AIFMD, unquote" provides food for thought on one of the industry's most controversial regulations.

As the directive goes live across Europe, unquote" compiles the latest news and analyses on AIFMD

Regional News

UK Treasury delays AIFMD until 2014

AIFMD adopted in Luxembourg

AIFMD passes into German federal law

The impact on the industry

AIFMD could result in fewer fund managers, says survey

Fund managers in AIFMD staffing spree

AIFMD: pulling on the purse strings

Guernsey fund administrators to benefit from AIFMD

Fundraising to improve despite AIFMD

AIFMD having little impact on fund marketing

 

The unquote" archives: two years of concerns over AIFMD implementation

Depositary requirements detrimental to VC fundraising, says EVCA (June 2012)

AIFMD: Concerns over lack of suitable depositaries (May 2012)

BVCA: AIFMD "still damaging" (November 2011)

AIFMD: High price for investor security? (November 2011)

 

Whitepapers

European venture capital funds: regulation adopted by Council and European Parliament

AIFMD implementation – issues for operators of regulated funds

The Alternative Investment Fund Managers Directive – an overview 

FSA discussion paper on AIFMD: how will non-EU fund managers be affected?

 

Useful links

European Commission page on alternative investments

BVCA committee on regulation

EVCA's AIFMD glossary

Guernsey's implementation advice 

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• Topics
• UK / Ireland
• Southern Europe
• DACH
• Benelux
• France
• Nordics
• Regulation
• AIFM Directive