AIFMDsääntelyn

AIFMDsääntelyn, or the Alternative Investment Fund Managers Directive, is a European Union regulation aimed at enhancing the transparency, operational resilience, and investor protection of alternative investment funds. It was established under the Capital Requirements Directive (CRD IV) and came into effect on January 3, 2013. The directive applies to all alternative investment funds, including hedge funds, private equity funds, and certain real estate funds, as well as their managers.

The primary objectives of AIFMD are to promote the stability of the financial system, protect investors, and ensure the proper functioning of the internal market. Key provisions include requirements for minimum capital requirements, risk management, and reporting. Fund managers must hold a license and comply with strict regulatory standards, including regular audits and the maintenance of adequate capital buffers.

AIFMD also introduces a passporting regime, allowing funds and their managers to operate across EU member states without the need for individual national approvals. This facilitates cross-border investment and enhances market efficiency. Additionally, the directive establishes a framework for the resolution of funds in distress, ensuring that investors can recover their investments in case of fund failure.

The regulation has been subject to ongoing revisions and updates to address emerging risks and challenges in the alternative investment landscape. Despite its complexity, AIFMD plays a crucial role in maintaining the integrity and stability of the EU's financial markets.