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{{tag|AIFMD}} is the pet name for the EU’s [[Alternative Investment Fund Management Directive]]<ref>EU Directive {{eudirective|2011|61|EU}} and Commission Delegated Regulation (EU) No {{euregulation|231|2013}} of 19 December 2012 (the [[AIFMD Delegated Regulation]])</ref> | {{tag|AIFMD}} is the pet name for the EU’s [[Alternative Investment Fund Management Directive]]<ref>EU Directive {{eudirective|2011|61|EU}} and Commission Delegated Regulation (EU) No {{euregulation|231|2013}} of 19 December 2012 (the [[AIFMD Delegated Regulation]])</ref> | ||
It came into force on 22 July 2013 | It came into force on 22 July 2013 and regulates: | ||
*'''EU AIFMs''': [[EU]] fund managers that manage [[alternative investment fund|alternative investment funds]] (essentially [[hedge funds]] and [[private equity]] funds) (“[[AIF - AIFMD Provision|AIF]]s”) (wherever they are based); | |||
* [[EU]] fund managers that manage [[alternative investment fund|alternative investment funds]] (essentially [[hedge funds]] and [[private equity]] funds) ( | *'''Non-EU AIFMs''': Fund managers (wherever they are based) who | ||
* Fund managers (wherever they are based) | **manage {{aifmdprov|AIF}}s established in the [[EU]] (“'''{{aifmdprov|EU AIF}}s'''”); and | ||
* | **market any {{aifmdprov|AIF}} (including a “'''{{aifmdprov|Non-EU AIF}}'''”) into the [[EU]]. | ||
[[Hedge fund]]s and [[private equity fund]]s and those managing them were not previously subject to the as much regulation as mutual funds (including [[UCITS]]) or pension funds, and some people<ref>Do-gooders, obviously.</ref> felt this lack of oversight contributed to the severity of the [[global financial crisis]]. So, enter [[AIFMD]] to redress that gap. | [[Hedge fund]]s and [[private equity fund]]s and those managing them were not previously subject to the as much regulation as mutual funds (including [[UCITS]]) or pension funds, and some people<ref>Do-gooders, obviously.</ref> felt this lack of oversight contributed to the severity of the [[global financial crisis]]. So, enter [[AIFMD]] to redress that gap. | ||
Revision as of 09:50, 18 December 2018
AIFMD is the pet name for the EU’s Alternative Investment Fund Management Directive[1]
It came into force on 22 July 2013 and regulates:
- EU AIFMs: EU fund managers that manage alternative investment funds (essentially hedge funds and private equity funds) (“AIFs”) (wherever they are based);
- Non-EU AIFMs: Fund managers (wherever they are based) who
Hedge funds and private equity funds and those managing them were not previously subject to the as much regulation as mutual funds (including UCITS) or pension funds, and some people[2] felt this lack of oversight contributed to the severity of the global financial crisis. So, enter AIFMD to redress that gap.
- ↑ EU Directive 2011/61/EU (EUR Lex) and Commission Delegated Regulation (EU) No 231/2013 (EUR Lex) of 19 December 2012 (the AIFMD Delegated Regulation)
- ↑ Do-gooders, obviously.