AIFMD applications face timing pitfalls

Timing applications

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Until recently, alternative investment fund managers (AIFMs) have been focusing on the requirement to be regulated under the alternative investment fund managers directive (AIFMD) by July 22, 2014 in order to continue managing alternative investment funds. To that end the Financial Conduct Authority (FCA) in the UK had been stressing the need for fund managers to file their applications by January 22, 2014 This is because, while the directive provides for a three-month period after receipt of