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ReferenceTitleLink
A&L Goodbody (2013)In Focus: Summary of the Alternative Investment Fund Managers Directive - AIFMDhere

Summary

"The AIFMD (Directive 2011/61/EU) must be implemented by EU member states by 22 July, 2013. It introduces the regulation of EU domiciled Alternative Investment Fund Managers (AIFMs) who manage one or more alternative investment funds (AIFs) in the EU and AIFMs established outside the EU which manage one or more EU AIFs or which market one or more (EU or non EU) AIF in the EU. The AIFMD will be implemented by detailed implementing measures on many areas. These will be adopted by the EU Commission on the basis of advice provided by the European Securities and Markets Authority (ESMA). The level II provisions in the form of an EU Regulation (which will have direct effect) issued in December 2012."


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