AIMA publishes new AIFM Guides (only available to members)
The AIMA has published a new set of practical guides for hedge fund managers covering the UK, Ireland and Luxembourg. The new guides will help AIMA members with answering key questions to establishing businesses or setting up funds in these locations.
Jack Inglis, AIMA CEO, said:
“We hope that these practical guides for the UK, Ireland and Luxembourg improve managers’ understanding of what they need to do in order to establish a business or fund in those locations.
“Ever since the level II text of the AIFMD was agreed in 2011, AIMA has played a leading role in helping the industry meet the challenge of complying with the AIFMD. AIMA’s generic implementation guide helped the industry better understand the basic requirements of the AIFMD across the EU as a whole, but it is only now, with the July 2014 implementation deadline approaching, that we have a clearer picture of how the AIFMD will be applied in some of the most important EU jurisdictions for our industry.”
Peter Stapleton, Partner, Maples and Calder, said:
“We have been tracking the development of the AIFMD and advising our clients and their international counsel on the impact of the AIFMD across their Irish, Cayman Islands and BVI structures since the first draft texts were published almost five years ago. During that time we have seen particular interest in the co-domiciliation of international fund structures and the increasing use of Irish vehicles for management and marketing in the EEA. We are therefore delighted to partner with AIMA in producing the Irish guide. As we enter the key implementation phase for the AIFMD, with the first transitional periods expiring, the Irish guide will be an extremely valuable tool for all market participants, providing a clear and accessible overview of strategic options in Ireland and a wide range of opportunities for dealing with the AIFMD.”
Jérôme Wigny, Partner at Elvinger, Hoss & Prussen, said:
“Luxembourg’s implementation of the AIFMD will be of particular interest to AIF managers worldwide who keep the evolution of the Luxembourg landscape under close scrutiny. This guide should prove to be a very useful tool for both managers and the wider hedge fund community alike. Although the AIFMD will open up new marketing horizons to AIF managers, it inscribes itself within a wider global trend of increased legal and regulatory complexity in the financial sphere. We are honoured to collaborate with AIMA on this guide.”
Visit the AIMA website for more information.