Doing Business In The EU: US Investment Advisers Brace For AIFMDVW Staff
The Alternative Investment Fund Managers Directive (AIFMD) is a new regulatory environment that became effective 22 July 2013, and comprises of the following:
- An EU directive issued 8 June 2011 that outlines the philosophy towards alternative investment fund management
- An EU regulation issued 19 December 2012 that details how to comply with the above directive and
- A set of guidelines published by the European Securities and Markets Authority (ESMA).