AIFMD

AIFMD

This Overview provides a guide to the Financial Services content within the Alternative Investment Fund Managers Directive (AIFMD) subtopic, with links to appropriate materials.

What is the AIFMD?

The Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD) and Commission Delegated Regulation (EU) No 231/2013, supplementing the AIFMD with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (AIFMD Level 2 Regulation) provide a comprehensive framework for the regulation of alternative investment fund managers (AIFMs) marketing or managing alternative investment funds (AIFs) in the EU. The extensive requirements with which AIFMs must comply are designed to ensure that managers can manage and market AIFs on a cross-border basis. For a chronology of the development and implementation of the AIFMD, see: Alternative Investment Fund Managers Directive (AIFMD)—timeline [Archived]. For upcoming key dates, see Practice Note: Key dates for Financial Services—horizon scanner. Relevant developments are marked ‘Investment funds and asset management’ in the Topic column.

For more information about the AIFMD and the AIFM regime in the EU and the UK, see Practice Notes: AIFMD—essentials and AIFMD—one minute guide.

UK implementation of AIFMD and retention

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