Generated on 2014/06/19 at 04:58:33 AM


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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.

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
governs governs
Hedge FundInstrument Hedge Fund
EU - European Union CountriesLocation EU - European Union Countries