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ESMA Approves Co-Operation Agreements With 34 non-EEA Jurisdictions

The European Securities and Markets Authority (ESMA) has approved co-operation arrangements that can now be entered into between European Economic Area (EEA) financial services regulators and 34 non-EEA jurisdictions where...more

6/5/2013 - AIFM AIFMD Cooperation Initiative EEA ESMA EU Memorandum of Understanding

UK Extends AIFMD Transitional to Non-EEA Fund Managers

On April 29, HM Treasury issued a Question and Answer publication which stated its intention to extend the transition period of the Alternative Investment Fund Managers Directive (AIFMD) to existing third-country Alternative...more

5/16/2013 - AIFM AIFMD EEA EU Fund Managers

FSA Publishes Second AIFMD Consultation Paper

On March 19, the UK Financial Services Authority (FSA) published Consultation Paper CP13/9, its second consultation on the rules and guidance required for the UK transposition of the EU Alternative Investment Fund Managers...more

3/27/2013 - AIFMD Alternative Investment Funds Financial Services Authority

The Alternative Investment Fund Managers Directive – How Does It Affect Non-EU Managers?

The EU Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive” or “AIFMD”) applies to managers of alternative investment funds (each an “Alternative Investment Fund Manager” or “AIFM”). The main...more

3/20/2013 - AIFM AIFMD Disclosure Requirements EU

The Limits of Delegation Under the Alternative Investment Fund Managers Directive

The EU Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive” or “AIFMD”) limits delegation by a manager regulated under the Directive (an “Alternative Investment Fund Manager” or “AIFM”). Delegation by...more

3/1/2013 - AIFMD EU

European Commission Adopts AIFMD Level 2 Regulation

On December 19, the European Commission adopted a Delegated (Level 2) Regulation (Delegated Regulation) implementing certain aspects of the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD)....more

12/28/2012 - AIFMD EU European Commission

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