Overview

The FSA recently published a discussion paper setting out its provisional thoughts on how to implement the Alternative Investment Fund Managers' Directive in the UK. Firms should now be taking steps to ensure they are "AIFMD-ready".

Firms likely to be caught by the Directive should start to prepare for its implementation in 2013. This should involve engaging senior management on the effects the Directive would have on the business model, possible restructuring and implementation of new systems and controls, considering your regulatory permissions and preparing for a variation of permission application or an application for authorisation if necessary.

In this briefing, Nabarro uses a question-and-answer format to provide comprehensive guidance on who is affected, what fund managers and investment firms should prepare for and how to ensure compliance.

Click 'View Briefing' to read on.