AIFMD For Asia-Based Fund Managers

Are you a fund manager with European investors? Will you market alternative investment funds to professional investors in the European Union after 22 July 2013? As a fund manager based outside the EU, you may be grappling with how the EU's Alternative Investment Fund Managers Directive (the AIFMD) affects your business.

The emphasis on cooperation between governments following the financial crisis, has seen regulatory standards rise globally in a flight to compliance. AIFMD continues the trend of increasing regulation and cost of doing business for private equity, hedge and other alternative fund managers who manage funds for professional investors. The Dodd-Frank Act increased requirements for managers with US clients. In February 2013, Singapore put in place a registered fund manager regime. The principles behind all these regulations - corporate governance, capital requirements, organization of functions, information disclosure to authorities and investors - put