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Late AIFMD applications 'may face less scrutiny' by FCA

With a considerable backlog of applications, the FCA may be less strict when it comes to authorising fund managers under AIFMD in order to meet today's deadline, one expert says

benblackett-ord
Ben Blackett-Ord, Bovill

Fund managers looking to be authorised in time for today's alternative investment fund managers directive (AIFMD) deadline may find their applications facing less scrutiny than authorisations that have already been processed, one expert in the matter says.

At the time of publication, the UK Financial Conduct Authority (FCA) is still reported to have 474 applications for authorisation or

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