Update on AIFMD for Asian Managers

As of 22 July 2014, the transition period for alternative investment fund managers (AIFM) marketing their alternative investment funds (AIF) in the European Union has ended and AIFMs must comply with the marketing and distribution rules under Alternative Investment Fund Managers Directive (AIFMD). The AIFMD has significant implications for European and non-European AIFMs from an organizational, product and marketing point of views.

 

The objective of this training is to provide the attendees with a detailed analysis on key sections of the AIFMD that are specifically relevant to non-EU based AIFMs and provide expert insight on the practical implications of the AIFMD for AIFMs which are willing to distribute their products in the EU, based on the passport of a EU AIFM or national private placement rules (NPPR). In this respect, the NPPRs of key jurisdictions are going to be reviewed.

 

Other aspects covered by the trainers will include, the depository regime under the AIFMD, rules in relation to remuneration, the extension of the AIFM passport to non-EU AIFMs and the position of the EU authorities in relation thereto.

Various models used to manage the challenges under the AIFMD are going to be reviewed including possibilities under Luxembourg law.

Detailed Information

  • Overview of the AIFMD Directive:
    • Genesis of the AIFMD and key components
    • Key requirements for EU managers under the AIFMD
    • Depository regime under the AIFMD
    • Remuneration regime under the AIFMD
    • AIF distribution in Europe, AIFM passport and NPPRs
    • Extension of passport to non-EU AIFMs
  • Roles and responsibilities of each stakeholder in the value chain: EU and non-EU AIFM for a EU and non-EU AIF, delegation model, sub-manager, sub-advisor, depository
  • Marketing practically an AIF in Europe for Asian managers
    • AIFM passport using a EU AIFM
      • Regulatory requirements
      • Notification procedure
      • Experience in practice one year after entry in force
    • Reverse solicitation
    • Distribution without AIFM passport, NPPRs
      • Overview of the main EU jurisdictions
      • UK
      • Germany
      • France
      • The Netherlands
    • Luxembourg
      • European private equity and real estate hub
      • Implementation of the AIFMD in Luxembourg
      • Vehicles available in Luxembourg
    • Extension of the AIFMD passport to non-EU AIFM
      • Extension of the AIFMD passport to Hong Kong and Singapore managers
      • Choice of Member State of Reference (MSR)
      • AIFMD requirements at the level of the non-EU AIFM
    • Pros and Cons of having a EU AIFM versus a non-EU AIFM Luxembourg vehicles, compatibility with AIFMD and China outbound investment schemes QDII, QDIE, QDLP, etc.
      • Conclusion and Questions

Registration Conditions

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