What is AIFMD depositary?
AIFMD – Depositary Requirements. The Alternative Investment Funds Management Directive (“AIFMD”) requires Alternative Investment Fund Managers (“AIFMs”) to appoint a single. depository to all Alternative Investment Funds (“AIFs”) that they manage and introduces new depository requirements in relation to their AIFs.*
What does AIFMD mean?
Alternative Investment Fund Managers Directive
Alternative Investment Fund Managers Directive (AIFMD)
Who does Aifmd apply?
The Alternative Investment Fund Managers Directive (AIFMD) is a regulatory framework that applies to EU-registered hedge funds, private equity funds, and real estate investment funds.
Is a hedge fund an AIF?
AIF examples include; hedge funds, private equity funds, real estate funds and even (in the slightly more obscure areas of the market), funds formed to invest in rare coins or fine wines.
What is the role of depositary?
A depositary is required by law for all EU funds to protect investors’ interests and assume liability for the safekeeping of their assets. It monitors a fund’s cash flows and, in effect, keeps all service providers in check by performing post-trade investment and borrowing restriction monitoring.
What is Regulation 5 of AIFMD?
In Part 2, regulation 5 sets out requirements for authorisation to manage alternative investment funds (“AIFs”) of alternative investment fund managers (“AIFMs”) which have their registered office in the United Kingdom and which are subject to the full AIFMD requirements.
How does the AIFMD regulate alternative investment funds?
The AIFMD, and the accompanying regulation, does what it says on the tin – it regulates the managers of funds other than Undertakings for Collective Investments in Transferable Securities (UCITS), so-called alternative investment funds or AIFs.
Does the AIFM meet a condition in regulation 10 (2) (3)?
(a) the AIFM does not meet a condition in regulation 10 (2), (3) or, as the case may be, (4); (b) the AIFM has contravened, or is likely to contravene, an implementing provision, or a requirement imposed by the EuSEF Regulation or the EuVECA Regulation, that applies to it.
What is Rule 72 (t)?
What is Rule 72 (t) Rule 72(t), issued by the Internal Revenue Service, permits penalty-free withdrawals from IRA accounts and other tax-advantaged retirement accounts like 401(k) and 403(b) plans. To take advantage of this rule, the owner must take at least five substantially equal periodic payments (SEPPs),…