AIFMD Transitional Period Ends

The Alternative Investment Fund Managers Directive ("AIFMD") transitional period ended on July 22, 2014. The transitional period allowed an additional 12-month period for certain managers and funds before seeking the necessary variation of permission, authorization or registration.The transitional period also allowed non-European Economic Area alternate investment fund managers ("AIFMs") of existing alternative investment funds ("AIFs") to market such AIFs in the UK without being subject to the requirements deriving from AIFMD.

See: Non-U.S. Funds Page (available to Cabinet subscribers only).