AIFMD Looms In The EU

By Jenny Swan Country Manager J.P.Morgan

While EU jurisdictions will need to deal with the implementation of the Alternative Investment Fund Managers Directive (AIFMD), Jersey-based managers and funds will be able to carry on business as usual.

The ongoing crisis in the Eurozone and the increasing agenda of regulatory reform have unknown outcomes, however both have the potential to fundamentally change the asset management industry. Who would have predicted at the beginning of the financial crisis that the regulatory reform that was initially aimed at the banks would transform virtually every segment of the financial services industry? The AIFMD introduces comprehensive regulatory changes for alternative fund managers operating in, or marketing into, the EU.