AIFMD: Prepare for takeoff 

The European Commission drafted one of the most ambitious and complex regulatory reform agenda's ever introduced into the asset management industry in the form of the Alternative Investment Fund Managers Directive. The European Commission released its first draft of AIFMD on 30 April 2009 and after an intense, often controversial and highly-political debate, the Directive was finally adopted and published on July 2011.

The following are a number of the most pressing issues that AIFMs should be focusing on as the compliance deadline for the AIFMD approaches:

RemunerationDelegationAppointing a DepositaryValuationIT and Data ManagementRisk ManagementPrivate Equity FundsStrategy and PassportingReal Estate investment FundsGet your firm AIFMD readyimplications facing non-EU AIFMs

Organizations will be forced to implement significant changes to their capital, clients, business operations and regulatory compliance and reporting very quickly, with hard deadlines looming on the horizon. The stakes are high on several key fronts, including risk mitigation, competition and profitability. Those firms that have not already conducted an in-depth inmpact analysis of the AIFMD for their business would be well advised to do so without delay, as the business implications are significant, the amount of work to be done is substantial and the timelines for preparation are becoming increasingly short.

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Georges Bock

Global Sponsor of AIFMD
KPMG in Luxembourg

Heleen Rietdijk

Global Leader of AIFMD

KPMG in Ireland

AIFMD Transposition Update

AIFMD Transposition

AIFMD has now been transposed in 22 of 28 EU member states. Any AIFM in any country that markets its funds to EU investors will need to fall in line with AIFMD.

Fund Views Video

KPMG's Georges Bock and Charles Muller discuss the substantial strategic impacts on asset managers of the AIFMD "Level 2" implementing measures that were released by the EU Commission on 19 December 2012.