- New KPMG publication is an essential resource for understanding EU member state transposition of Alternative Investment Fund Managers Directive
With the Alternative Investment Fund Managers Directive (AIFMD) coming into force on 22 July 2013, fund managers are under increasing pressure to understand and respond to requirements as EU member states work toward transposition of the AIFMD. To help Alternative Investment Fund Managers (AIFMs) in understanding where key member states are in the process and the impact in those countries, KPMG International has produced “AIFMD: Transposition Status”, an overview of the status and requirements for AIFMs in the EU.
“Fund managers around the world need to know the impact of the Directive in the countries where they are based, or market to,” said Georges Bock, Global Sponsor of AIFMD, with KPMG in Luxembourg. “The Directive is going to have a significant impact on their EU strategy – and the current requirements of each country are different. We are providing a comprehensive guide so that fund managers can get up to speed and determine what they need to do, country by country.”
The requirements with which AIFMs will need to comply will depend to a great extent on their activities, as well as where their funds and investors are located. Recognizing that sanctions for non-compliance could be severe, AIFMs are becoming keenly interested in member states’ progress, transposition requirements and the associated implications for their firms.
KPMG’s publication provides an overview of the impact of AIFMD with country by country status for Denmark, Finland, France, Germany, Ireland, Luxembourg, Netherlands, Spain, Sweden, and the United Kingdom.
“AIFMs need to make important strategic decisions, balancing the size of the opportunity in countries with the cost of registration and other requirements in the countries where they operate,” said Heleen Rietdijk, Global Leader of AIFMD, with KPMG in the UK. “For the majority of EU member states there will be a transitional year until July 2014, but AIFMs need to begin now to plan their strategies. ‘AIFMD: Transposition Status’ provides vital information to assist in that planning process.”
Access the full publication (PDF 336 KB)
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Mark Hamilton, KPMG Corporate Communications 020 7694 2687
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