Background and introduction
The Alternative Investment Fund Managers Directive
("AIFMD" or "the Directive") was approved by
the European Parliament on 11 November 2010. Deloitte has been
active in its assembly of a dedicated group of specialists to
assist our clients to understand and address the impact that the
Directive will have on their business.
The Directive will impact:
- how Alternative Investment Fund Managers
("AIFM's") distribute their funds, cross border or
otherwise;
- how they remunerate their people;
- how they operate their business; and
- the support requiried to maximise their potential.
In December 2010 the European Commission issued a request for
guidance to the newly formed European Securities and Markets
Authority ("ESMA") in relation to the many subordinate
measures found within the Directive. The final guidance is expected
in November 2011 with draft guidelines to be released mid-2011.
While there is still some uncertainty about
