Summary and implications
The Financial Conduct Authority (FCA) today published its final
rules implementing the Alternative Investment Fund Managers
Directive (AIFMD). You can download a copy of the policy statement
here.
At 392 pages, it is certainly not a light read. But from a quick
glance, the FCA appears to have kept changes to a minimum. However,
there is additional guidance on certain scope issues, its guidance
on marketing and amendments to reflect ESMA's final reports,
which ESMA had not published at the time the FCA released its
consultations. We will produce a briefing summarising the key
changes and will circulate this to you shortly.
We are hosting a second breakfast seminar on the AIFMD on 9 July
2013 from 8 a.m. until 10 a.m. This will repeat the session we held
this week, but we will incorporate the new rules into the
presentation. If you would like to attend the event, please click
on the following link to register your interest: events@nabarro.
