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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of