On June 28, 2013, the Financial Conduct Authority (FCA) published its Policy Statement setting out its rules for implementing the Alternative Investment Fund Managers Directive (AIFMD). The Policy Statement also provides the FCA’s response to two consultations on the Financial Services Authority’s implementation of the AIFMD (Consultation Papers 12/32 and 13/9).
The new rules will take effect on July 22, 2013.