KPMG helps out fund managers

KPMG in Bermuda Releases AIFMD Publication Outlining What Every Alternative Investment Fund Manager Needs to Know About the Directive

With the Alternative Investment Fund Managers Directive (AIFMD) coming into force on 22 July 2013, fund managers are under increasing pressure to understand and respond to requirements as EU member states work toward transposition of the AIFMD.  To help Alternative Investment Fund Managers (AIFMs) in understanding where key member states are in the process and the impact in those countries, KPMG in Bermuda has released the internationally compiled publication “AIFMD: Transposition Status”.  This publication provides an overview of the status and requirements for AIFMs in the EU, and is an essential resource for understanding EU member state transposition of Alternative Investment Fund Managers Directive.

“Fund managers need to know the impact of the Directive within the countries to which they market,” said Ewan McGill, of KPMG in Bermuda’s AIFMD team. “The AIFMD is going to have a significant impact on their EU marketing and operations strategy – and the current requirements of each country are different.  With this new publication, we are providing a comprehensive guide to help fund managers become more knowledgeable on the Directive and its implications, and determine what they need to do, country by country.”

The requirements with which AIFMs will need to comply will depend to a great extent on their activities, as well as where their funds and investors are located.  Recognising that sanctions for non-compliance could be severe, AIFMs are becoming keenly interested in member states’ progress, transposition requirements and the associated implications for their firms.

KPMG’s publication provides an overview of the impact of AIFMD with country by country status for Belgium, Denmark, Finland, France, Germany, Ireland, Luxembourg, Netherlands, Spain, Sweden, and the United Kingdom.