AIFMD: marketing funds into the UK for US managers

The Alternative Investment Fund Managers Directive (AIFMD) came into force on 22 July 2013, with the result that all alternative investment fund managers (AIFMs) must (subject to quite limited exemptions) be appropriately authorised to manage alternative investment funds (AIFs) which are established or marketed in the UK and the UK. Post-Brexit, the application of the AIFMD in the UK applies, but as the UK is not part of the UK the rules on cross border marketing to no apply in relation to the UK but instead only the UK member states.

In this publication therefore we look only at the AIFMD in relation to the UK