The Alternative Investment Fund Managers Directive came into force on 22 July 2013 to help protect investors.
It applies to those European Union (EU) fund managers who are actively marketing funds to new investors and which have assets of over €500million.
A full Depositary service is required for EU Managers with EU funds while a lighter service is required for EU Managers with non-EU Funds and for non-EU Managers. Non-EU Fund Managers, including US-based Managers, require the appointment of a depositary when marketing a non-EU Fund into specific EU countries, including Germany and Denmark.
IAG has contact with Thompson Taraz to provide AIFMD and AIF Manager and Depositary services.
Martin Scott on +44 7781 147784