AIFMD—Remuneration Code
AIFMD—Remuneration Code

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • AIFMD—Remuneration Code
  • What is the AIFMD?
  • What is the AIFM Remuneration Code?
  • Which staff are covered under the AIFM Remuneration Code?
  • Which firms does the AIFM Remuneration Code apply to?
  • What is the definition of remuneration under the AIFM Remuneration Code?
  • What are the AIFM Remuneration Code principles?
  • What are the proportionality and disclosure requirements under the AIFM Remuneration Code?
  • Delegation of functions by AIFMs

AIFMD—Remuneration Code

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 Notes: Impact of Brexit on asset managers and investment funds and Impact of Brexit: AIFMD—quick guide.

What is the AIFMD?

The AIFMD (Directive 2011/61/EU) covers the management, administration and marketing of alternative investment funds (AIFs) across the European Union (EU). AIFMD, as implemented, applies to all EU alternative investment fund managers (AIFMs) that manage one or more AIFs, irrespective of whether those AIFs are EU AIFs or non-EU AIFs. The AIFMD, as implemented, also applies to non-EU AIFMs who manage EU AIFs and (in part) to non EU AIFMs who actively market AIFs in the EU. For general information on the application of AIFMD, and its implementation in the UK, see AIFMD—overview

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