Dutch Parliament Adopts AIFMD

Oct 5 2012 | 9:49am ET

The Netherlands became the first country to adopt the European Commission's stricter regulations on hedge, private equity and real estate funds.

On October 2, the Dutch parliament passed the Alternative Investment Fund Managers Directive, sending it to the Senate for debate on October 9.

The Dutch parliament amended the AIFMD to exempt fund vehicles pooling assets exclusively for pension funds.

The EC has yet to adopt level two measures that would elaborate general AIFMD requirements—like the appointments, duties and functions of depositories; the calculation of leverage; and transparency requirements. These had been expected to be adopted in September, but they weren't and according to the Loyens & Loeff law firm, there has been “no indication” of when they will be adopted.

Additionally, the European Securities and Market Authority plans to adopt remuneration guidelines in 2013.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note