Goodwin

Chapter IV of the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD), as implemented by The Alternative Investment Fund Managers Regulations 2013, SI 2013/1773 (AIFMD UK Regulations) and the Financial Conduct Authority (FCA) Handbook, Investment Funds sourcebook, chapter 3 (FUND 3) and supplemented by Chapter V of Commission Delegated Regulation (EU) No 231/2013 (AIFMD Level 2 Regulation) impose extensive disclosure and reporting obligations on AIFMs. This Practice Note explores these obligations, including AIFMs’ ongoing investor disclosures, the preparation of AIF annual reports, and reporting and disclosure obligations to regulators. It also covers additional disclosure requirements for AIFMs managing AIFs that are using substantial leverage and for AIFMs managing private equity funds (AIFs that acquire control of non-listed companies), as well as the AIFMD rules preventing asset stripping.

Chapter IV of the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD), as implemented in Member States, and supplemented by Chapter V of Commission Delegated Regulation (EU) No 231/2013 (AIFMD Level 2 Regulation) impose extensive disclosure and reporting obligations on AIFMs. This Practice Note explores these obligations, including AIFMs’ ongoing investor disclosures, the preparation of AIF annual reports, and reporting and disclosure obligations to regulators. It also covers additional disclosure requirements for AIFMs managing AIFs that are using substantial leverage and for AIFMs managing private equity funds (AIFs that acquire control of non-listed companies), as well as the AIFMD rules preventing asset stripping.

This one minute guide provides a condensed summary of the key requirements of the UK Financial Services Authority (FCA)’s Sustainability Disclosure Requirements (SDR) and Labelling regime.