MFA has released a statement regarding the July 22 deadline for implementation of the Alternative Investment Fund Managers Directive (AIFMD). The statement cites MFA’s continued support for a comprehensive regulatory framework governing the alternative funds industry, and reaffirms MFA’s commitment to continuing to work with the Commission, regulators at ESMA, as well as member-state competent authorities. MFA also notes that the transparency, oversight, and investor protections afforded under a harmonized AIFMD will further enable the alternative investment community to deliver safe, stable returns, diversification and sound risk management to the benefit of investors, including pension funds, universities, and endowments throughout Europe. In a Financial Times article covering the July 22 deadline MFA general counsel Stuart Kaswell provides insight to what many managers are thinking as AIFMD takes effect, acknowledging that questions do remain for competent authorities to address in order to achieve the goals of AIFMD.
MFA’s blog will update with more news on the AIFMD implementation deadline as it breaks.
To read MFA’s statement on AIFMD, click here.
To read the FT story on AIFMD click here.