FSA Publishes Survey for Alternative Investment Funds

The Financial Services Authority has published a survey aimed at UK-based fund managers that manage funds which will qualify as Alternative Investment Funds for the purposes of the Alternative Investment Fund Managers Directive (the "AIFMD"), which is set to come into force across the European Economic Area on July 22, 2013.

The survey intends to identify the likely timings by which those firms will apply for AIFMD permission and, in particular, to identify those funds which may require early full scope authorization in order to continue their operations in other European Economic Area jurisdictions.

Responses to the survey should be submitted no later than March 28, 2013. The FSA urges all firms whose business will be disrupted as a result of not being authorized under the AIFMD in time for its entry into force to complete the survey.