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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. |