Much has been written about the AIFM directive, but managers must also remember to comply with its remuneration code, writes Victoria Goode, partner at law firm Lewis Silkin.
Time is running out for alternative investment fund managers in the UK to consider their obligations under the alternative investment fund managers (AIFM) remuneration code. The EU’s Alternative Investment Fund Managers Directive came into force last summer and created a tighter regulatory framework for managers. The remuneration principles in the directive are supplemented by guidelines issued by the European Securities and Markets Authority, and application of the code is supplemented by guidance issued by the Financial Conduct Authority (FCA) in January. In practice, most fund m...
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