Insights from the recent hedge funds event at Global Relay’s London offices. We discuss the change, the pain, and offer up some advice.
AIFMs
The report is a useful indicator of where the FCA expects firms to focus now.
The new rules will apply even if investment managers have no reportable financial accounts.
Non-EU firms may be indirectly affected by the RTS and guidelines if they have subsidiaries or branches in the EU.
New framework offers greater flexibility, but it remains to be seen how many fund managers will take up joint payment options, given the guardrails in place.
Reforms address the overall regulatory framework for AIFMs and how rules will be made more proportional for different types of firms.