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ARTICLE · 09 DECEMBER 2016

Malta: Implications Of The Alternative Investment Fund Manager Directive (AIFMD)

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The deadline for implementation of Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers, by the EU Member States is 22 July 2013.

MaltaFinance and Banking
Dr. Katya Tua
Dr. Katya Tua
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1. Background

1.1. The deadline for implementation of Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers1 ("AIFMD"),  by the EU Member States is 22 July 2013. However, there are various transitional  provisions and special provisions on the transposition of certain rules in relation to third  countries, which make the application of such rules dependent on a positive advice /  opinion from ESMA, and a delegated act from the European Commission. For the relevant  timeframes, see Annex I.

1.2. The AIFMD will concern, essentially:

" Fund managers established in the EU managing and / or marketing Alternative Investment Funds ("AIFs"), and outside the EU, if they market and/or manage AIFs in

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