Generated on 2014/06/19 at 04:58:33 AM
Regulation / Law Item: AIFMD - Alternative Investment Fund Management Directive
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| Description (HTML) | The Alternative Investment Fund Management Directive
(AIFMD) is an EU regulation first introduced in 2011. The goal of the regulation is to create a level playing field
and set basic standards for the operation of alternative
investment funds in Europe via new reporting and
governance requirements. It requires firms to establish
"appropriate and consistent" procedures to allow for the
independent valuation of a fund's assets. To achieve this,
the valuation must be performed either by an independent
third party or by the asset manager, as long as there is
functional separation between the pricing and portfolio
management functions.
AIFMD looks to facilitate systemic risk monitoring by requiring funds register with national regulators and provide disclosure on their risk management systems and investment strategies to present a clearer picture of their overall risk and data management capabilities. AIFMD introduces a number of capital requirements for firms acting as third-party administrators (to whom funds can delegate responsibility) that will likely compel these firms to seek operational efficiency. |
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| Source Description | A-Team Regulatory Data Handbook | ||||||
| Source URL | http://www.ReferenceDataReview.com | ||||||
| Document | No document attached... | ||||||
| Item Quality Status (Item Quality Status) | Acceptable | ||||||
| Lifecycle - Exist Start Date | 2011-06-11 | ||||||
| Lifecycle - Exist End Date | UNKNOWN | ||||||
| Updated by | webea.09 | ||||||
| Updated on | 2014-06-19 03:26:57 | ||||||
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