Continuing its transposition of the Alternative Investment Fund Managers Directive1 (AIFMDirective), AMF launches a public consultation on modifications to Book III of its General Regulation, on services providers.
Responses to the consultation must be sent to directiondelacommunication@amf-france.org before 7 July2013.
The main modifications to Book III concern:
- the creation of Title 1a on AIF2 management companies compliant with the AIFM Directive;
- the procedure for fund manager resignations;
- the inclusion of the specific requirements concerning non-EU AIFMs;
- the delegation of AIFM functions;
- remuneration policies.
1 Directive 2011/61/EU of 8 June 2011.
2 AIF = Alternative Investment Fund.