AIFMD's Slow Burn

Keith Hale, Multifonds

 After being bandied about for quite some time, the broad-ranging Alternative Investment Fund Managers Directive (AIFMD) goes into effect today—sort of—as members of the European Union (EU) will have to have the directive written into national law. While nations and firms are technically supposed to be in compliance starting today with AIFMD—and mandates around depository liability and risk reporting—there's a grace period that most jurisdictions will likely take