After polling more than 70 AIFM market participants, KPMG found while respondents were well aware of the complexity and impact of the Directive, a surprising percentage have yet to take any concrete steps to analyze the impacts the AIFMD will have on their businesses or to make changes to their operations. According to the survey:
- Just over half of AIFMs have conducted an impact analysis,
- Less than two-thirds have appointed a depositary, a key requirement of the legislation, and
- Nearly half say they haven’t considered how the Directive’s remuneration requirements will affect their businesses.
In this paper, KPMG explains why this is the ‘last boarding call’ for fund managers to prepare for the Directive and that delaying any longer can translate into significant negative impacts on their operations, fundraising activities and long-term profitability.