To diminish information gap, FCA changes AIFMD (Reporting) Instrument 2017

By Uma Sheth & Justin Meagher

On 25 January, 2017, the Financial Conduct Authority (FCA) made several changes to their handbook. One such change was to CP 16/17 – Alternative Investment Fund Managers Directive (reporting) Instrument 2017.  The change to this instrument closes a significant information gap between the activities and risks incurred by alternative investment fund managers who have a broad presence in the UK.

Continue reading

AIFMD II: What should we expect? – Part 1

By Alastair Hewitt

The European Commission will begin to review AIFMD in July, 2017. Managers want some policies eliminated, especially remuneration limits for material risk takers aimed at alternative fund managers (AIFMs). Since this is a politically sensitive subject, it is unlikely to change.

Continue reading

The challenges of AIFMD

Giles Smart and Alastair Hewitt

The Alternative Investment Fund Managers Directive (AIFMD) is a European Union directive that established a regulatory and supervisory framework over hedge funds, private equity funds, real estate funds, and other alternative investment fund managers (AIFMs). To fulfil the reporting requirements of the AIFMD, AIFMs must file an Annex IV report. This report is comprised of a multitude of questions and static data points, analysing a fund’s investment portfolios, exposures, leverage ratios, liquidity, and risk analysis.

Continue reading