Guernsey Finance Chief Executive Fiona Le Poidevin considers
the impact of AIFMD and Guernsey's response to it.
So, it's finally here. Or is it? The 22 July 2013
'deadline' for EU and European Economic Area (EEA) member
states to transpose the Alternative Investment Fund Managers
Directive (AIFMD) into national law has now passed.
A new survey from the Alternative Investment Management
Association (Aima) and Ernst & Young shows that 12 out of 31
countries have completed full legislative transposition within the
deadline. However, the AIFMD does allow member states some
discretion to provide a transitional period to allow the market to
adjust to the Directive. The survey shows that countries such as
Spain, Portugal and Belgium are only in the very early stages of
drafting or have not finalised their required domestic
legislation.
