AMF Consults On Modification Of Book III Of Its General Regulation Transposing The AIFM Directive

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.