AIFMD—organisational and valuation requirements
Produced in partnership with Macfarlanes
AIFMD—organisational and valuation requirements

The following Financial Services practice note produced in partnership with Macfarlanes provides comprehensive and up to date legal information covering:

  • AIFMD—organisational and valuation requirements
  • Organisational requirements
  • Valuation
  • Rules and procedures
  • Annual valuation
  • External valuers
  • Delegation
  • Prior notification of delegation
  • Sub-delegation

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

BREXIT: The UK is due to leave the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the impact of Brexit on AIFMs, see Practice Note: Impact of Brexit: AIFMD—quick guide.

Organisational requirements

Central to the various measures under the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD) is a framework requiring that each alternative investment fund manager (AIFM) meets certain organisational requirements and adopts a range of operating policies and procedures.

The measures in the AIFMD set out a number of organisational requirements in relation to an authorised firm’s senior management arrangements, systems and controls and delegation of functions.

Under Article 18 of the AIFMD, an AIFM is required to use adequate and appropriate human and technical resources at all times necessary for the proper management of the AIF that it manages. The regulator in the home state of

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