AIFMD: The Road to Implementation (EY)

October 2013

KEYWORDS: remuneration, AIFMD, EU Member State, Survey, leverage, hedge fund operation, European Union, Hedge Fund Regulation, Austria, Czech Republic, Denmark, Estonia, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Romania, Slovakia, Sweden, United Kingdom, Cyprus, Malta, Croatia, Latvia, Bulgaria, private placement, audit, auditor, depositary


Ernst & Young

  • Ernst & Young


There has been a lot of attention in recent months on the progress of managers toward the adoption of the Alternative Investment Fund Managers Directive (AIFMD). In this survey, we have taken an alternative standpoint and sought to develop an understanding of EU Member States’ AIFMD readiness. This will help clarify the likely future operating environment for firms and support their decision making process as they move toward authorization.

The initial findings, which were released on 24 July 2013, focused on transposition and transitional provisions for the 27 EU Member States as at 30 June 2013. The findings summarized here include Croatia, which became a member of the EU on 1 July 2013. The survey was completed by leveraging EY and AIMA’s respective networks of contacts. The results represent responses collated by EY and AIMA as of 28 August 2013.

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