Thursday, 8 October 2015
Last updated 1 hour ago
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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…