Fund investors may come to expect the level of disclosure set out in a new EU directive in all of their investments, writes Derbhil O'Riordan, partner at Dillon Eustace.
The Alternative Investment Fund Managers Directive (AIFMD) came into force across Europe on 22 July. Its aim is to provide an internal market for alternative investment fund managers (AIFMs) and a harmonised and stringent regulatory and supervisory framework for the management and marketing activities within the EU of all AIFMs. This includes those who have their registered office in a member state and those with an office in a third country. Although sometimes maligned by industry participants, the directive provides many benefits to those AIFMs in compliance, not least the abilit...
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