AIFMD transition causing worries for fund managers
With only a few months to go before the compliance deadline, industry observers still report much work to do for fund managers to comply with the latest European directive. OpRisk looks at the obstacles ahead
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 report
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