EU: Survey On Functioning Of AIFMD
The #EuropeanCommission is asking firms for their opinion on how the #AIFMD has worked in practice. If you’re interested in providing your feedback, have your say here: https://t.co/mgcP71lLx2 #investments #fundmanagers pic.twitter.com/GHcGIl32Vh
— MS Financial Sector (@MSFinSec) February 13, 2018
The European Commission has contracted KPMG to carry out research on how theAlternative Investment Fund Managers Directive has worked in practice and to what extent its objectives have been met.
This survey is an important part of the KPMG research. Its aim is to gather the views of stakeholders on
- the AIFMD’s requirements
- their experience in applying them
- the market impacts of the directive
All stakeholders are invited to give their feedback.
Source: European Commission
EU funds routinely delegate portfolio management to hubs including New York, Tokyo and Hong Kong.
The regulator recommended changes in 19 areas including harmonizing the AIFMD and UCITS regimes.
Most funds are managed cross-border using passporting rights.
The majority of hedge funds are set up in Bermuda and the Cayman Islands
The Ucits passport across the European Union is regulated at the fund, rather than the manager, level