Summary and implications

The Financial Conduct Authority (FCA) today published its final rules implementing the Alternative Investment Fund Managers Directive (AIFMD). You can download a copy of the policy statement here.

At 392 pages, it is certainly not a light read. But from a quick glance, the FCA appears to have kept changes to a minimum. However, there is additional guidance on certain scope issues, its guidance on marketing and amendments to reflect ESMA's final reports, which ESMA had not published at the time the FCA released its consultations. We will produce a briefing summarising the key changes and will circulate this to you shortly.

We are hosting a second breakfast seminar on the AIFMD on 9 July 2013 from 8 a.m. until 10 a.m. This will repeat the session we held this week, but we will incorporate the new rules into the presentation. If you would like to attend the event, please click on the following link to register your interest:

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.