The Introduction of Directive 2011/61/EU on Alternative Investment Fund Managers (AIFM Directive) aimed at creating a single, barrier-free marketplace for alternative investment funds in Europe. Creating a harmonized regulatory and supervisory framework, allowed the marketing of such funds to certain types of investors throughout the European Union simply through home member- state approval which came to be known as the ‘EU Marketing passport’. In this way, the pan-European market was unlocked for distribution of AIF units the same way it did for UCITS in the past.
In this seminar, we will primarily examine the basic provisions of the AIFM Directive and their practical application for EU Fund Managers. Where possible, specific reference will be made to various EU Jurisdictions such as the UK, Ireland, Luxembourg and Cyprus.
Date | 7 December 2018
Time | 09:45-16:30
Duration | 6 hours | 6 CPD Units
Location | The London Institute of Banking and Finance
Cost | £800 (plus VAT) for non-clients
| £650 (plus VAT) for existing clients of Complyport and EIMF
A general overview of the EU Funds Market by employing graphs and statistics. The background to the need for harmonized regulation and the aim & scope of the AIFM Directive. What is an AIF? A brief examination of the legal regimes for AIF funds in different jurisdictions across the EU and the various AIF types and structures found in UK, Ireland, Luxembourg and Cyprus.
An analysis of the Directive’s provisions for authorization and other related provisions. Practical examples will be given from various jurisdictions.
A close examination of various rules by the Directive on the organization and operation of EU AIFMs and how are these applied in practice by AIFMs:
Description of who can act as a Depositary. The functions, responsibilities and liabilities of Depositaries under the Directive:
What information are AIFMs obliged to disclose to investors and to the Regulator/Competent authorities. Reporting.
An overview of some of the Directive’s provisions on managing and marketing of fund’s units by EU AIFMs throughout the EU. Provisions for non-EU AIFMS will only be mentioned.
Note: Please note that the above structure is given for informative reasons. The Trainer may amend the seminar’s content or structure if this will serve the quality of the presentation as a whole.
Mr. Athos Myrianthous is a senior Legal Advocate with expertise in Finance and Commercial Law. He holds an Honours degree in Law (LLB) from Queen Mary University London, a Masters Degree in International Commercial Law (LLM) from the University of Westminster and a Masters Degree in Finance (MSC .SH) from Cass Business School, City University. He is a member of the Cyprus Bar, the Cyprus Investment Funds Association (CIFA) and a holder of CYSEC’s Advanced Certificate in Financial Services Legal Framework. He held various positions in the Legal and Finance Sector and provided expert advice and technical assistance in Finance Law, Funds Law and International Commercial Law both on a local and International level. He served as Manager in BDO Fund Services, Cyprus specializing in Fund Set Up, Administration and Compliance. Currently he is the Head of Compliance in Fortified Capital Limited, an Alternative Fund Management Company (AIFM) regulated by CYSEC.