UK Implementation of AIFMD: UK Private Placement Regime and non-EU Fund Managers

By July 22, 2013, EU member states must adopt the provisions of the Alternative Investment Fund Managers Directive (the “AIFMD”). On May 13, 2013, the UK’s HM Treasury further clarified how AIFMD will affect alternative investment fund managers (“AIFMs”), including those based outside the European Economic Area (the “EU”) with respect to UK private placements and UK marketing activities.

In addition, on June 28, 2013, the UK’s Financial Conduct Authority published its Policy Statement on the Implementation of the Alternative Investment Fund Managers Directive in the UK. This Policy Statement sets out the FCA’s final rules for such implementation, as well as responding to the feedback it received from its earlier consultation papers.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  AIFM, AIFMD, Economic Development, EU, Fund Managers, Investment Funds, Private Placements

Published In: Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »