The European Commission’s New Regulation to Implement the Alternative Investment Fund Managers Directive

The EU Alternative Investment Fund Managers Directive (AIFM Directive) introduces several harmonised requirements for managers of alternative investment funds. This Special Report focuses on several important issues and looks at some of the provisions that have provoked considerable controversy…

ANALYSIS: The European Commission’s New Regulation to Implement the Alternative Investment Fund Managers Directive

The EU Alternative Investment Fund Managers Directive (AIFM Directive), which must be transposed into the national law of all EU Member States by July 22, 2013, introduces several harmonised requirements for managers of alternative investment funds…

ANALYSIS: The United Arab Emirates’ New Investment Funds Regulations

The UAE Securities and Commodities Authority (“ESCA”) issued the much anticipated new UAE investment fund regulation pursuant to Resolution No. 37 of 2012. The Regulation was published in the UAE Official Gazette on August 26, 2012, and entered into effect the following day…

ANALYSIS: India’s New Alternative Investment Funds Regulations

On August 1, 2011, the Securities and Exchange Board of India (“SEBI”) introduced the draft SEBI (Alternative Investment Funds) Regulations, 2011 (“Draft Regulations”), a comprehensive regulatory framework for regulating private pools of capital, i.e., alternative investment funds (“AIFs”). The Draft Regulations, which contained provisions proposing to drastically alter the mechanics for the Indian funds industry, came as a total surprise to the industry.

Swiss Government Seeks Approval Of New Collective Investment Rules

The Swiss government is seeking to implement early next year new rules on collective investment schemes aimed at bringing Swiss practices in line with European Union rules.

U.S. SEC Adopts Scaled-Back Hedge, Private Fund Adviser Risk Reporting Rule

The Securities and Exchange Commission Oct. 26 unanimously adopted a rule that will require hedge and other private fund advisers to report information—scaled to the size and types of funds—that will be used by the Financial Stability Oversight Council to assess systemic risk…

ANALYSIS: The Securities And Exchange Board Of India’s Proposals For A Comprehensive Regulatory Regime For Alternative Investment Funds

SEBI on August 1, 2011, issued the Concept Paper along with the draft SEBI (Alternative Investment Funds) Regulations, 2011, which seek to introduce a comprehensive regulatory framework for regulating private pools of capital, i.e., AIFs…

ANALYSIS: The European Securities And Markets Authority’s Proposed Implementing Measures For Third Country Entities Under The Alternative Investment Fund Managers Directive

In the accompanying article in this Special Report, we outlined the proposals contained in the European Securities and Markets Authority’s (“ESMA”) consultation paper on implementing measures for the Alternative Investment Fund Managers Directive (“AIFMD”) issued on July 13, 2011…

ANALYSIS: The European Securities And Markets Authority’s Proposed Implementing Measures For The Alternative Investment Fund Managers Directive

The month of July 2011 saw two significant developments for the alternative investment funds industry in the European Union, starting on July 1, 2011, with the publication of the Alternative Investment Fund Managers Directive (“AIFMD”) in the Official Journal of the European Union…

ANALYSIS: U.S. SEC Significantly Expands Regulation Of Non-U.S. Investment Advisers Through New Final Rules Under Dodd-Frank Act

On June 22, 2011, almost five months after the close of the formal public comment period, the U.S. Securities and Exchange Commission (the “SEC”) adopted final rules relating to provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) that modify the U.S. Investment Advisers Act of 1940, as amended (the “Advisers Act”)…

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