A balancing act

The AIFM directive was drafted by the EU in response to what it saw as an absence of common regulatory standards for non-Ucits investment vehicles and there are six key issues that specifically affect the UK-listed closed-ended fund sector.

Readers may, over recent months, have heard about the Alternative Investment Fund Managers directive (AIFM). This directive has been drafted by the EU (EU), in response to what it saw as an absence of common regulatory standards for investment vehicles that do not fall under the Ucits regime. Released earlier this year, the AIFM directive has been written to attempt to regulate a number of industries such as private equity and hedge funds. Some industry commentators have seen it as an attempt to reduce the size of two sectors seen as having disproportionate power, and who are mainly ...