The UK regulator’s perspective on the regulatory change being driven by the AIFMD and MiFID II
The Financial Services Authority’s Director of Conduct Policy, Sheila Nicoll, gave a useful overview of the current state of play on:
- the Alternative Investment Fund Managers Directive (AIFMD); and
- the draft Markets in Financial Instruments Directive II (MiFID)
in a speech on 1 November 2011. Observing that she “cannot promise any great respite” from regulatory change and conceding that the alternative fund management industry is feeling “a lot of regulatory interference”, Ms. Nicoll’s speech covered:
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