Special Report: AIFMD
The Alternative Investment Fund Managers Directive came into force across the European Union today, and unquote" has compiled a roundup of the latest news and analyses on the topic.
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.
Regional News
UK Treasury delays AIFMD until 2014
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
Guernsey's implementation advice
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