EU Member States will have to bring the AIFMD into force in their national law by 22 July 2013
The Alternative Investment Fund Managers Directive (AIFMD) was published in the Official Journal of the European Union on 1 July 2011 and will come into force 20 days afterwards, starting the timetable for implementation of the AIFMD. EU Member States will have to bring the AIFMD into force in their national law by 22 July 2013. In the meantime, the process of detailed rule-writing, and lobbying around the contents of those rules, continues at EU level.
To quote from the text of the AIFMD – which can be read here – it aims to
“provide for an internal market for AIFMs and a harmonised and stringent regulatory and supervisory framework for the activities within the Union of all AIFMs, including those which have their registered office in a Member State…and those which have their registered office in a third country…”
A summary of the AIFMD can be read in this post.
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