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.