Morgan Lewis Hedge Fund University™ Webinar Series: AIFMD Level 2 Regulation

January 23, 2013

On January 23, 2013, we presented our quarterly Morgan Lewis Hedge Fund UniversityTM Webinar Series, where we will discuss important issues surrounding the EU Alternative Investment Fund Managers Directive (AIFMD) in light of the European Commission's recent adoption of the AIFMD, Level 2, implementing regulation on December 19, 2012.

Our panelists explored why it is important for managers of hedge funds to review the implementing regulation and the AIFMD, both in terms of determining their impact on business operations and evaluating compliance.

The following topics were addressed:

  • Scope and authorization
  • Operating conditions for managers
  • Organizational requirements for managers
  • Capital requirements for managers
  • Managers' duties to depositaries
  • Valuation of assets
  • Delegation
  • Reporting obligations for prime brokers
  • Annual reporting and disclosure
  • Leverage and its calculation
  • Third-country provisions