Late AIFMD applications 'may face less scrutiny' by FCA

Last-minute AIFMD applications may be rushed through by regulator

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 registration outstanding. Of these, 398 are being processed by case officers and 76 are ready for imminent

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