European Commission Adopts AIFMD Level 2 Regulation

more+
less-

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).

The Delegated Regulation contains rules supplementing the AIFMD in a number of key areas including:

  • Conditions and procedure for the authorization of Alternative Investment Fund Managers (AIFMs);
  • Calculation of leverage;
  • Operating conditions for AIFMs, including rules on conflicts of interest, risk management, liquidity management, organizational requirements, valuation and delegation of AIFM functions;
  • Depositary tasks and liabilities;
  • Transparency requirements towards investors and regulators; and
  • Cooperation agreements with third countries.

The Delegated Regulation is subject to a three-month scrutiny period by the European Parliament and the European Council of Ministers. Provided no objections are raised, the Delegated Regulation will enter into force 20 days after its publication in the Official Journal of the European Union, and will apply from July 22, 2013.

Read more.

 

Written by:

more+
less-

Katten Muchin Rosenman LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×