Kelly Sheppard, partner at Moore Stephens, explains why firms which ignore the impact of AIFMD may find themselves in the uncomfortable position of not being authorised to serve their clients.
What is the best reason to avoid thinking about the Alternative Investment Fund Managers Directive (AIFMD)? Is it because: the directive is nominally directed at alternative investment fund managers, a designation which applies to only part of the market? because implications for the business, including becoming subject to indefinitely restrictive new rules and compliance burdens are still ‘murky and unclear’. or because there is no reason not to delay becoming subject to the new requirements, including in primis applying to the Financial Conduct Authority (FCA) to be an al...
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