The Alternative Investment Fund Managers Directive ("AIFMD"), which seeks to regulate the marketing and managing of funds across the EU, is by far the most significant piece of legislation in the funds industry since the creation of the UCITS product. For the first time both EU and offshore hedge fund managers will be required to seek authorisation from EU regulatory authorities and undertake a business impact analysis for all the funds that they manage and/or market across the EU. Hedge funds will also be able to benefit from a pan-European passport to market their units to professional investors across the EU, which is currently available to EU managers with EU funds and will potentially be available to offshore managers and their funds in the future.
Walkers can provide asset managers with both on and offshore AIFMD solutions.
The AIFMD Centre brings together information factsheets, key AIFMD legislation and Walkers advisories on this topical issue. Should you have any queries in relation to AIFMD, please contact one of our AIFMD specialist lawyers or your usual local Walkers contact.