Goodwin

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.

This Practice Note explores the provisions in the Alternative Investment Fund Managers Regulations 2013, SI 2013/1773 and the Financial Conduct Authority (FCA) Handbook, Investment Funds sourcebook, chapter 3 (FUND 3) which transposed into UK law the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) (AIFMD) requirements relating to investor disclosure, annual reports, reporting to regulators, private equity disclosure and anti-asset stripping requirements.