AIFMDdirektiivit

AIFMDdirektiivit refers to the Alternative Investment Fund Managers Directive, a piece of European Union legislation. This directive aims to regulate the management and marketing of alternative investment funds (AIFs) within the EU. AIFs are a broad category of investment funds that include hedge funds, private equity funds, real estate funds, and other investment vehicles that do not fall under the UCITS framework.

The primary objectives of the AIFMDdirektiivit are to enhance investor protection and to ensure the stability of the financial system. It achieves this by imposing requirements on alternative investment fund managers (AIFMs), such as authorization and registration, disclosure obligations to investors and regulators, and rules regarding remuneration and depositaries. The directive also establishes rules for the marketing of AIFs across EU member states, facilitating a single market for these products.

Key provisions include requirements for AIFMs to have adequate capital, robust governance structures, and appropriate risk management processes. Transparency is a core element, with AIFMs expected to provide detailed information about their strategies, risks, and performance to investors. The directive also addresses systemic risk by monitoring the activities of AIFMs and their potential impact on the wider financial markets. Member states were required to implement the directive into their national laws.