TAILIEUCHUNG - THE EU ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE: IMPACT ON NON-EU FUND MANAGERS

The Bank, IMF and World Bank participated in a Government Forum organized in March 2011 to discuss the recently approved Strategy for Arrears Clearance. A major conclusion from the workshop was the importance of reaching agreement on a Staff Monitored Program with the IMF as a critical component of the path towards arrears clearance and debt relief and a grandfathering of Zimbabwe by the IDA Executive Board if it is to benefit from the HIPC Initiative. A Technical Working Group on arrears clearance and external debt strategy comprising the Bank, World Bank, the IMF, UNCTAD and MEFMI was formed by. | Covington COVINGTON BURLING LLP Advisory Funds and Investments 22 January 2013 The EU Alternative Investment Fund Managers directive Impact on NON-EU Fund Managers What is the Alternative Investment Fund Managers directive The Alternative Investment Fund Managers Directive the Directive aims to create a harmonised European regulatory framework for managers of alternative investment funds AIF . in broad terms the Directive regulates the management and marketing of AiF where the activity takes place in the European Union or the AIF concerned are established in the European Union the EU . AIF Definition An AIF is broadly defined as a collective investment undertaking irrespective of its legal structure that raises capital from a number of investors with a view to investing it in accordance with a defined investment policy for the benefit of those investors and is not required to obtain authorisation under the Undertakings for Collective Investment in Transferable Securities UCITS Directive the EU directive which establishes a single market for open-ended retail investment funds to ensure a high level of protection for retail investors across the EEA . Although the Directive aims to regulate managers of alternative investment funds the broad definitions given to alternative investment fund manager AIFM and AIF have the effect of bringing within the Directive s scope not only managers of hedge funds and private equity funds but also managers of all types of investment fund that are not UCITS including real estate funds commodity funds and infrastructure funds and funds of funds. The Directive entered into force on 21 July 2011 and must be implemented by EU member states by 22 July 2013. The Directive is expected to be implemented in the EEA states which are not also EU member states - . Norway Lichtenstein and Iceland. Accordingly references in this note to the EU should be read as references to the EEA. Beijing Brussels London new York San Diego San Francisco Seoul

TỪ KHÓA LIÊN QUAN
TAILIEUCHUNG - Chia sẻ tài liệu không giới hạn
Địa chỉ : 444 Hoang Hoa Tham, Hanoi, Viet Nam
Website : tailieuchung.com
Email : tailieuchung20@gmail.com
Tailieuchung.com là thư viện tài liệu trực tuyến, nơi chia sẽ trao đổi hàng triệu tài liệu như luận văn đồ án, sách, giáo trình, đề thi.
Chúng tôi không chịu trách nhiệm liên quan đến các vấn đề bản quyền nội dung tài liệu được thành viên tự nguyện đăng tải lên, nếu phát hiện thấy tài liệu xấu hoặc tài liệu có bản quyền xin hãy email cho chúng tôi.
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.