What is AIFM Luxembourg?
An Alternative Investment Fund Manager (AIFM) is any legal person whose regular business is managing one or more alternative investment funds (AIFs). AIFMs are governed by the Law of 12 July 2013 on alternative investment fund managers.
What is the difference between Ucits and AIFMD?
The key difference between the two texts is that UCITS requires a “risk management process” that “enables it to monitor, measure at any time” whereas the AIFMD legislation require “risk management systems” that will be used “in order to identify, measure, manage and monitor all risks … to which each AIF is or may be …
Who does AIFMD apply?
The Alternative Investment Fund Managers Directive (AIFMD) is a regulatory framework that applies to EU-registered hedge funds, private equity funds, and real estate investment funds.
What is AIFMD reporting?
The purpose of AIFMD reporting is to effectively monitor and prevent systemic risk and market disruptions. The reporting obligation applies to registered and authorised AIFMs, and to those AIFMs that are established in a third country (non-EEA country), which market in Finland the AIFs they manage.
What is a registered AIFM?
What is a registered AIFM? A registered AIFM is a firm that manages AIFs with assets below certain prescribed thresholds as follows: ▪ A registered AIFM is an AIFM managing AIFs with assets under management below prescribed thresholds. ▪ It can avail of a lighter touch regulatory regime than an authorised AIFM.
What is a full scope AIFM?
If you are an Alternative Investment Fund Manager (AIFM) you must be authorised (full-scope AIFM) or registered if you manage Alternative Investment Funds (AIFs) with assets under management below certain thresholds. Sub-threshold AIFMs have the right to opt-in to full authorisation.
Can an AIFM manage a UCITS?
Can a UCITS management company also act as an AIFM? Authorised managers of a UCITS are entitled to request to be authorised as AIFM and vice versa, subject only to complying with any relevant additional requirements for the new authorisation.
Is Sicav regulated?
SICAVs are regulated under European law. Their structuring can be guided by either the Undertakings for the Collective Investment of Transferable Securities (UCITS) regulatory framework or the specialized investment fund (SIF) framework. These funds are most well known and used in France, Luxembourg, and Italy.
Are AIF regulated?
The board of Securities and Exchange Board of India (SEBI) has approved amendments to the regulations for alternative investment funds (AIFs) during the meeting held on Friday. The changes are meant to ease compliance for AIFs, provide investment flexibility and streamline regulatory processes.
What is the role of the AIFM?
The AIFM is responsible for ensuring compliance with AIFMD in respect of each AIF it manages, even where such compliance may be outside of its control. As well as setting out rules affecting EU AIFMs, AIFMD also contains rules on non-EU AIFMs managing EU AIFs and marketing AIFs in the EU.
What is a small AIFM?
The relevant threshold for being a small AIFM is either: €500 million of AUM where each of the alternative investment funds (“AIFs”) it manages has no leverage and there are no redemption rights for the first five years; or. €100 million of AUM for all other AIFMs.
What is the advanced search directive 2011/61/EU?
Use the Advanced search Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 Text with EEA relevance In force: This act has been changed.
What is the EU directive 231/2013?
REGULATIONS COMMISSION DELEGATED REGULATION (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance)
What is didirective 2011/65/EU of the EU?
DIRECTIVE 2011/65/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL. of 8 June 2011. on the restriction of the use of certain hazardous substances in electrical and electronic equipment. (recast) (Text with EEA relevance) THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE. EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European.
What is 2011/61/EU and why is it important?
2011/61/EU are achieved uniformly throughout the Member States, to enhance the integrity of the internal market and offer legal certainty for its participants, including institutional investors, competent authorities and other stakeholders, by adopting a Regulation. The form of a Regulation ensures a coherent framework for