AIFMD transition causing worries for fund managers

Tight timetable gives Europeans little time to comply

change-barometer

The European alternative investment fund management sector is on the brink of the biggest change in its history. By July, the firms, some of which have just a few professional staff, will have to obtain authorisation from their local regulator under the European Union's Alternative Investment Fund Managers Directive (AIFMD), after a one-year transition period since the directive's implementation in 2013. The impact on firms promises to be considerable, as they are required not merely to repor