LONG-AWAITED rules on hedge fund and private equity fund sales finally come into force today - despite scores of managers not being ready for the deadline.
Companies must comply with the Alternative Investment Fund Managers Directive (AIFMD), a set of regulations which enforce tough rules on fund disclosure and governance, in order to market their funds across
While about eight in ten fund managers have the building blocks in place to comply with the directive, one in four have not still not received authorisation from regulators, according to a poll released yesterday.
The study, from
However, firms only have to apply for AIFMD authorisation today rather than become compliant.
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