Property Fund Managers - Are You Ready For The New Regulations?
Property investors have been happy working with minimal regulatory control for property investments using limited partnerships, unit trusts and companies and both onshore and offshore entities but all that is about to change. The E.U.’s Alternative Investment Fund Managers Directive (AIFMD) has been staggering through the E.U. regulatory process and is expected to be published a little later this summer (later than advertised) and to be fully in force in 2013. EU managers of property investment funds are going to have to be authorised, work with liquidity controls and restrictive borrowing powers, have to defer their remuneration and will have to appoint an independent depository for each fund that they manage.
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