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AIFMD v UCITS: Difference between revisions
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{{a| | {{a|euregulation|}}{{drop|A|s a comparison}} piece to our showdown between [[EMIR v MIFID]] we offer you our [[UCITS v AIFMD]] showdown. These are of course the flagship regulations for EU for investment fund regulation. | ||
Generally speaking, UCITS is for retail investment funds — think granddad dandling grandchildren on knees, nostalgic glamour-glow photos of children blowing on dandelions and so on — and is, therefore, more restrictive than AIFMD, which is for hedge funds, private equity funds, venture capital funds and [[collective investment scheme]]s that are not in scope for UCITS, because wistful granddads cannot reasonably invest in them. | Generally speaking, UCITS is for retail investment funds — think granddad dandling grandchildren on knees, nostalgic glamour-glow photos of children blowing on dandelions and so on — and is, therefore, more restrictive than AIFMD, which is for hedge funds, private equity funds, venture capital funds and [[collective investment scheme]]s that are not in scope for UCITS, because wistful granddads cannot reasonably invest in them. | ||
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That said investment funds are investment funds however much money you have to put in them so there are some commonalities between the regimes — the need, for example, to have a depositary to hold cash and assets in either case — where there are equivalent provisions, AIFMD’s tend to be laxer, and more contract-outable-from. | That said investment funds are investment funds however much money you have to put in them so there are some commonalities between the regimes — the need, for example, to have a depositary to hold cash and assets in either case — where there are equivalent provisions, AIFMD’s tend to be laxer, and more contract-outable-from. | ||
{{sa}} | {{sa}}{{c2|AIFMD|UCITS}} | ||
*[[AIFMD]] | *[[AIFMD]] | ||
*[[UCITS]] | *[[UCITS]] | ||