HM Treasury, which is the legislative body responsible for implementing the Alternative Investment Fund Managers Directive (“AIFM Directive”) into UK law, has just published a Q&A document on proposed amendments to the draft regulations “for the implementation of the AIFM Directive in the UK (the “Q&A Document”). The Q&A Document clarifies that HM Treasury will amend the current draft of The Alternative Investment Fund Managers Regulations 2013 (the “Regulations”) and will enable non-UK AIFMs[4] to take advantage of a 12-month transitional provision such that the AIFM Directive rules will not apply to marketing in the UK until 22 July 2014.
Click here to read more about the proposed changes and marketing in other EU jurisdictions.