The Alternative Investment Fund Managers’ Directive (‘AIFMD’) applies to managers (‘AIFMs’) of non-UCITS collective investment undertakings, referred to as Alternative Investment Funds (‘AIFs’). This term encompasses a wide range of funds, including hedge funds, private equity funds, and real estate funds, as well as investment trusts. AIFMs are generally aimed at professional investors, but individual […]

TRANSITIONAL ARRANGEMENTS, EXEMPTIONS, AND COMMISSION FORMS The Commission continues to prepare for the launch of the AIFMD regime on 22 July 2013 and has today published, for consideration and use specifically by Jersey fund industry practitioners: a Guidance Note on Transitional Arrangements, Exemptions and Commission Forms (the “AIFMD Guidance Note”); and a package of new and […]

The European Securities and Markets Authority (ESMA) has approved a cooperation agreement with Jersey to ensure it can continue to deliver alternative investment funds business into Europe after the introduction of the EU Alternative Investment Fund Managers Directive (AIFMD) in July. ESMA’s Board of Supervisors approved the Memorandum of Understanding (MoU) at its 22 May […]

a. HMT responds to consultation on transposing AIFMD On 17 May 2013, HM Treasury (HMT) published a response to its March 2013 consultation on transposing the AIFMD. The response includes the following key points: Regulations are being amended to permit investment by EEA charities. The approved persons regime will not apply to internally managed investment […]