AIFMD confusion threatens banks issuing offshore SPV structured products


The Alternative Investment Fund Managers Directive (AIFMD) could prove disastrous if the rules relating to structured products issued by special purpose vehicles (SPVs) are not clarified, say lawyers. If banks selling structured products issued by SPVs fail to categorise and market them correctly, they could be forced to wind up the entire issuance and end up losing investors' money, according to one London-based lawyer.

In July, the European Union introduced rules under AIFMD that, while not

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