How Is More Regulation Impacting Fund Distribution?

Dominic Wheatley, Chief Executive of Guernsey Finance, looks at the impact of regulations such as AIFMD have impacted the funds industry.

Since the global financial crisis there has been a plethora of new regulation and legislation coming down the pipeline which, to a greater or lesser degree, is impacting international asset management.

This includes the U.S. Foreign Account Tax Compliance Act (FATCA), measures from Organisation of Economic Cooperation and Development (OECD), such as the Common Reporting Standard (CRS) and the Base Erosion and Profit Shifting (BEPS) project, and the European Union's Markets in Financial Instruments Directive (MiFID) and Alternative Investment Fund Managers Directive (AIFMD).