The EU’s Alternative Investment Fund Managers Directive (AIFMD) entered into force on 22 July 2013. AIFMD essentially introduces “European authorisation and conduct of business” requirements and covers those responsible for the portfolio or risk management of all types of alternative investment funds (AIFs) - including hedge funds and private equity funds. It introduces a harmonised regime for the promotion of such funds to professional investors.
BFSB today partnered with the Ministry of Financial Services, the Securities Commission of the Bahamas (SCB) and corporate sponsor Ernst & Young to promote a better understanding of this initiative.
AIFMD's Impact