25 Jan 2012
The Financial Services Authority has prepared a discussion paper to set out some provisional thinking in its approach to implementing the Alternative Investment Fund Managers Directive. The discussion paper is the first step in the process of implementing the AIFMD.
“There is a great deal to be done for implementation in what is a tight and aggressive timeline,” the FSA said in a statement. “Early communication and timely consultation and planning by regulators and industry alike, are crucial for effective and proportionate implementation. To that end, this DP is intended to be a constructive tool for preliminary engagement to highlight material areas for policy development, and identify challenges and potential changes for affected stakeholders.”
The FSA said the discussion paper has two objectives. One is the development of a proportionate and effective regulatory policy for the transposition of AIFMD. The second is assisting different stakeholders, including UK businesses operating in the collective fund management space as well as depositaries, valuers and administrators, to become ready for the changes AIFMD will introduce from July 2013.
To access the discussion paper please click here.
“There is a great deal to be done for implementation in what is a tight and aggressive timeline,” the FSA said in a statement. “Early communication and timely consultation and planning by regulators and industry alike, are crucial for effective and proportionate implementation. To that end, this DP is intended to be a constructive tool for preliminary engagement to highlight material areas for policy development, and identify challenges and potential changes for affected stakeholders.”
The FSA said the discussion paper has two objectives. One is the development of a proportionate and effective regulatory policy for the transposition of AIFMD. The second is assisting different stakeholders, including UK businesses operating in the collective fund management space as well as depositaries, valuers and administrators, to become ready for the changes AIFMD will introduce from July 2013.
To access the discussion paper please click here.
