AIFMD–Time for reflection and extension


AIFMD–Time for reflection and extension

ESMA release their advice and opinion

Executive Summary

After much debate, the Alternative Investment Fund Managers Directive (AIFMD) became a reality and entered into force on 21 July 2011. AIFMD provides the framework within the European market for the cross-border distribution of Alternative Investment Funds (AIFs). The key challenge is to understand the practicalities of not only how to comply with the Directive but also how to continue to raise capital.


AIFMD, like UCITS, has introduced the notion of a passport enabling European Alternative Investment Fund Managers (AIFMs) to offer their management services and to market their European AIFs to professional investors throughout the European Union. For the purposes of AIFMD, professional investors are those that are defined as professional clients under the Markets in Financial Instruments Directive (MiFID).

PDF - 195kb

Performance magazine issue 18, September 2015

Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.

PDF - 7mb
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