ARTICLE · 24 MARCH 2011

Impact Of AIFM Directive In The Netherlands

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On 11 November 2010, the European Parliament – after extensive discussions – adopted the directive on managers of alternative investment funds.

NetherlandsFinance and Banking

Larissa Silverentand

On 11 November 2010, the European Parliament – after extensive discussions – adopted the directive on managers of alternative investment funds. Although particularly aimed at regulating hedge funds and private equity funds, the directive has a much broader scope, providing for far-reaching changes in the supervision of all investment institutions other than UCITS. Such institutions include not only hedge funds and private equity funds, but also real estate funds, equity funds and funds of funds, among others.

The directive, which is expected to come into force early next year, will bring about major changes in the supervisory regime for investment institutions in the Netherlands. It must be implemented in the Netherlands by the beginning of 2013.

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