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ARTICLE · 15 APRIL 2013

AIFMD – FSA Second Consultation Paper Released

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The Financial Services Authority has released its second Consultation Paper on the implementation of the alternative investment fund manager’s directive in the UK.

United KingdomFinance and Banking
Matthew Feargrieve
Matthew Feargrieve
Harvey Knight
Harvey Knight
Kirsten Lapham
Kirsten Lapham
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1. Introduction

The Financial Services Authority ('FSA') has released its second Consultation Paper (CP13/9) on the implementation of the alternative investment fund manager's directive ('AIFMD') in the UK. The paper follows on from the FSA's first Consultation Paper released in November last year and addresses some, but not all of the outstanding issues from the first consultation. A third and final Consultation Paper is expected in May 2013, which will address any remaining issues. Among other things some key issues in the FSA's second Consultation Paper (CP13/9) includes details on:

  • The transitional provisions confirming that the FSA and HM Treasury intend to permit UK AIMFs which manage or market AIFs in the UK to use the full 12 month transition period (to 22 July 2014);

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