Matches in DBpedia 2014 for { ?s ?p The Alternative Investment Fund Managers Directive 2011/61/EU ("AIFMD") is a European Union Directive that entered into force on 22 July 2013. The Directive regulates: EU fund managers that manage alternative investment funds (essentially hedge funds and private equity funds) ("AIFs") (wherever they are based); fund managers (wherever they are based) that manage AIFs established in the EU; and fund managers (wherever they are based) that market the units or shares of an AIF in the EU.Hedge funds and private equity funds and their Investment Managers (AIFMs) have not been subject to the same rules to protect the investing public as mutual (including UCITS) and pension funds and their managers. In general, the lack of financial regulation is seen by some[citation needed] to have contributed to the severity of the global financial crisis. The Directive was aimed at redressing this perceived regulatory gap.The Directive was approved by the European Parliament and Council of the European Union on 8 June 2011 and published in the EU Official Journal on 1 July 2011 (OJ L171). The Directive is following the Lamfalussy process and has so far been supplemented by three Level II Regulations: Commission Delegated Regulation (EU) No 231/2013 on exemptions, general operating conditions, depositaries, leverage, transparency and supervision; Commission Implementing Regulation (EU) No 447/2013 on opt-in AIFMs; Commission Implementing Regulation (EU) No 448/2013 on the procedure for establishing the member state of reference for non-EU fund managers.The European Securities and Markets Authority has also issued a number of guidelines to national competent authorities including on key concepts of AIFMD and remuneration.The Directive needed to be written into national statute books by 22 July 2013 and, subject to the transitional periods, be brought into effect from this date. As of 1 October 2013, 16 EU Member States had not yet transposed the Directive including Belgium, Finland, Greece, Italy, Poland, Portugal and Spain.. }
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- Alternative_Investment_Fund_Managers_Directive abstract "The Alternative Investment Fund Managers Directive 2011/61/EU ("AIFMD") is a European Union Directive that entered into force on 22 July 2013. The Directive regulates: EU fund managers that manage alternative investment funds (essentially hedge funds and private equity funds) ("AIFs") (wherever they are based); fund managers (wherever they are based) that manage AIFs established in the EU; and fund managers (wherever they are based) that market the units or shares of an AIF in the EU.Hedge funds and private equity funds and their Investment Managers (AIFMs) have not been subject to the same rules to protect the investing public as mutual (including UCITS) and pension funds and their managers. In general, the lack of financial regulation is seen by some[citation needed] to have contributed to the severity of the global financial crisis. The Directive was aimed at redressing this perceived regulatory gap.The Directive was approved by the European Parliament and Council of the European Union on 8 June 2011 and published in the EU Official Journal on 1 July 2011 (OJ L171). The Directive is following the Lamfalussy process and has so far been supplemented by three Level II Regulations: Commission Delegated Regulation (EU) No 231/2013 on exemptions, general operating conditions, depositaries, leverage, transparency and supervision; Commission Implementing Regulation (EU) No 447/2013 on opt-in AIFMs; Commission Implementing Regulation (EU) No 448/2013 on the procedure for establishing the member state of reference for non-EU fund managers.The European Securities and Markets Authority has also issued a number of guidelines to national competent authorities including on key concepts of AIFMD and remuneration.The Directive needed to be written into national statute books by 22 July 2013 and, subject to the transitional periods, be brought into effect from this date. As of 1 October 2013, 16 EU Member States had not yet transposed the Directive including Belgium, Finland, Greece, Italy, Poland, Portugal and Spain.".