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

Overview

In January 2012, the Financial Services Authority issued a discussion paper on the implementation of the Alternative Investment Fund Managers Directive. The paper serves as an initial discussion platform between the FSA and stakeholders, and sets out a number of questions seeking the views of the fund management industry as to how best to approach the implementation of the AIFMD.


This briefing from Bingham McCutchen sets out a summary of the principal issues affecting third country fund managers seeking to market funds within the European Union. In doing so, the article considers:



  • disclosure of preferential treatment;

  • disclosure of liquidity;

  • risk profile and management;

  • disclosure relating to AIFM use of leverage;

  • disclosure of remuneration; and

  • additional disclosures to the regulator.


To read on, click 'View Briefing'.