August 21, 2017

August 21, 2017

Subscribe to Latest Legal News and Analysis

UK Financial Services Authority (FSA) Publishes Consultation Paper on AIFMD Implementation

On November 14, the UK Financial Services Authority (FSA) published consultation paper CP12/32 “Implementing the Alternative Investment Fund Managers Directive” (AIFMD).

CP12/32 includes FSA’s AIFMD implementation proposals in the following areas:

  • The prudential regime applicable to alternative investment fund managers; 
  • The regime for depositaries, including eligibility, capital requirements and independence requirements; 
  • Incorporation into the FSA Rules of the AIFMD’s requirements as to organizational matters, duties in relation to management of funds and transparency obligations.

The FSA anticipates publishing a second AIFMD consultation paper in February 2013. A combined policy statement, relating to both consultations, will be published in June 2013. If it considers it practicable, the FSA endeavors to provide information at an earlier date on key issues arising from the consultation, to help affected firms prepare for AIFMD implementation with effect from July 2013.

Responses to the consultation are requested by February 1, 2013.

Read more.

©2017 Katten Muchin Rosenman LLP


About this Author

Our Corporate Practice provides sophisticated transactional representation and business counseling to national and global companies in a wide range of industries. Attorneys in the practice work closely with those from other disciplines to provide our clients with comprehensive representation in their business transactions.

Every attorney in our Corporate Practice is dedicated to making sure that each client receives a high degree of personal attention, and that the correct combination of legal talent is assigned to each matter. We believe that our clients’ business objectives should...