HM Treasury has published an update on the transitional arrangements relating to the Alternative Investment Fund Managers Directive (AIFMD). Following concerns raised by a wide range of stakeholders, HM Treasury is intending to amend the Alternative Investment Fund Managers Regulations 2013 to provide that, if a transitional alternative investment fund manager’s (AIFM) application for authorisation or registration is submitted without sufficient time for the FCA to determine the application by 22 July 2014 (the end of the transitional period of one year from when the AIFMD came into force), that AIFM will be able to continue managing alternative investment funds until the FCA has determined the application.
View Alternative Investment Fund Managers Directive transitional arrangements update, 19 December 2013