General information For AIFM / Collective investment schemes
The AIFMD aims to provide for an internal market for managers of alternative investment funds (AIFMs) and a harmonised and stringent regulatory and supervisory framework for the activities within the EU as of 22 July 2013.
The AIFM Directive lays down rules and requirements for the authorisation, ongoing operation and transparency of AIFMs. There are, for example, minimum capital requirements, organisational requirements to minimise conflicts of interest, principles regarding sound remuneration policies, the obligation to appoint a depositary and to assure that the persons who effectively conduct the business of the AIFM are of good repute and are sufficiently experienced.
Additionally the Directive contains ongoing requirements such as appropriate risk and liquidity management, procedures resulting in the proper and objective valuation of the fund assets and various obligations regarding transparency.