AIFMDstä
The Alternative Investment Fund Managers Directive (AIFMD) is a regulatory framework established by the European Union to enhance transparency, supervision, and investor protection within the alternative investment fund (AIF) sector. Adopted in 2011 and fully implemented in 2013, the directive applies to managers of alternative investment funds, including hedge funds, private equity funds, real estate funds, and other non-traditional investment vehicles. Its primary goal is to standardize regulatory practices across EU member states, reducing fragmentation and improving market stability.
Under the AIFMD, fund managers must register with their home country’s competent authority and comply with
Key provisions include capital requirements, valuation rules, and restrictions on leverage to mitigate systemic risks. The
The AIFMD has been amended over time, most notably through the AIFMD II Directive in 2019, which