FSA and Treasury quiz fund groups over AIFMD implementation

The Financial Services Authority (FSA) has contacted UK fund groups in a bid to ensure "minimal disruption" when the Alternative Investment Fund Managers Directive (AIFMD) comes into force in July.

The regulator has issued a survey seeking to better understand the potential number, nature and timing of applications it will receive from UK groups in the run-up to AIFMD implementation. In line with AIFMD requirements, UK groups that manage Alternative Investment Funds (AIFs) have until 22 July 2013 to apply for authorisation or registration from FSA successor the Financial Conduct Authority. The FSA said it has a particular focus on those who may require full scope authorisation well in advance of the official deadline, though the survey will not be part of the official applicatio...