AIFMD

Blog, MiFID II:Articles

Internationalization of Regulation – Part II

Recent amendments to the Investment Company Act (ICA) of 1940 have compounded regulatory hurdles for Europe-based hedge funds that conduct business in the United States.  Although hedge funds are typically able to avoid registration with the ICA under 3©1 exemptions, … More


Blog

Farewell Black Swans

Know Your Exposure. Be Prepared. Do you know where your firm’s risk is concentrated? In this blog we examine how can you better make your risk culture understood from the top down and reported accurately from the bottom up. Firstly, … More


AIFMD, Blog

French decree defines the characteristics of securitization entities subject to AIF provisions.

Décret n° 2014-1366 du 14 novembre 2014 pris en application du II de l’article L. 214-167 du code monétaire et financier  came into force in France on the 17th November, 2014. The decree determines the characteristics of securitization entities subject … More


AIFMD, Blog

Additional AIF Data Request by FCA

In order for a number of firms to satisfy the requirements of the current, updated AIF schedule additional supplementary information was requested by the FCA with a deadline of the 5 September for submission. On September 9, 2014 the FCA … More


AIFMD, Blog

The Central Bank of Ireland’s revises AIFMD report submission dates

The Alternative Investment Fund Managers Directive (“AIFMD”) introduced a requirement for an alternative investment fund manager (“AIFM”) to supply its competent authority with information designed to enable competent authorities to supervise the AIFMs under their responsibility, and to contribute to the monitoring … More


AIFMD, Blog

ESMA Issues Q&A on Application of the AIFMD

Today the European Securities and Markets Authority (ESMA) published Question and Answers (Q&As) on the Alternative Investment Fund Managers Directive (AIFMD). The purpose of this document is to promote common supervisory approaches and practices in the application of the AIFMD … More


AIFMD, Blog

FCA modifies the “funds under management” rule

The Financial Conduct Authority (FCA) has issued guidance on the application procedure for modifying the “funds under management” rule.  The guidance on the modification by consent is a temporary measure taken by the FCA. This modification will allow alternative investment fund … More


AIFMD, Blog, Uncategorized

AIFMD Reporting under France’s New Legal Framework on Asset Management

France’s legal framework on asset management solidified with the recent publication of several important texts. On 2 January 2014, the French Parliament adopted the law ratifying Order No. 2013-676 of 25 July 2013 transposing the AIFM Directive, and in doing … More


AIFMD, Blog

AIFMD Reporting Requirements Is An End In Sight?

On the 15th November ESMA released revised guidelines on reporting obligations under Articles 3(3)(d) and 24(1), (2) and (4) of the AIFMD and today the latest version of the AIFMD xml report was posted on ESMA’s website Ref: 2013/136. It … More


AIFMD, Blog

ESMA releases final guidelines on AIFMD reporting

ESMA’s recently released final guidelines on AIFMD reporting. This article summarises the refined reporting requirements for Alternative Investment Fund Managers. The October 1 Final Report issued by ESMA includes the following reporting requirements: Exposure: including currency, counterparty, market and credit … More


AIFMD, Blog, Form PF, News

Will AIFMD and Form PF inject a culture of compliance in hedge funds?

Under AIFMD AIFs must supply the EU regulators with detailed reports not too dissimilar to Form PF in the US. However, with other areas of concern such as depositary liability and remuneration, for example, the AIFMD reporting requirements have not … More