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Update on AIFM Directive

November 2010 - Finance. Legal Developments by Ogier .

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Impact Analysis for Jersey and Guernsey Investment Fund

After a protracted period of negotiation the AIFM Directive was finally approved by the European Parliament on 11 November 2010.

The Directive is expected to be brought into force shortly and will regulate the activities of managers of alternative investment funds ("AIF Managers") as follows:

(a) if the AIF Manager is based in the EU, on its worldwide activities; and

(b) if the AIF Manager is based in a third country outside the EU (a "Third Country"), only to the extent that it has activities within the EU.


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