On 21 July 2011, the Directive on
Alternative Investment Funds Managers (the
"AIFMD") entered into force. The AIFMD
provides for far-reaching changes in the supervision of managers of
all investment institutions other than undertakings for collective
investment in transferable securities (UCITS). Please see our
newsletter for more information on the AIFMD.
On Saturday 20 August 2011, the
Ministry of Justice made available a consultation document on the
draft legislative proposal that will implement the AIFMD in the
Netherlands. The draft legislative proposal will amend the Dutch
Financial Supervision Act, the Dutch Civil Code and the Dutch
Economic Offences Act. The purpose of the consultation is to inform
interested parties and to enable these parties to comment on the
draft legislative proposal. The consultation is
open until 30 September 2011 and is available through this link (in Dutch only).
