Morgan Lewis Hedge Fund University™ — Marketing in the EU: The Private Placement Overlay Under AIFMD

June 26, 2013

On June 26, 2013 Morgan Lewis presented the summer session of our quarterly Morgan Lewis Hedge Fund UniversityTM webinar series, where we discussed important issues surrounding the marketing of alternative investment funds in the European Union (EU) under the Alternative Investment Fund Managers Directive (AIFMD).

Our panelists examined these issues in light of the private placement overlay, which takes effect on July 22, 2013 and will require U.S. managers marketing funds to EU investors to comply with the transparency and reporting provisions of AIFMD, subject to the transitional period.

Our panelists also explored each constituent element of the private placement overlay and the preparatory steps U.S. managers should be taking in order to be in compliance.

Topics of discussion included:

  • Annual reporting
  • Pre-sale and post-sale disclosure to investors
  • Regulatory reporting in the EU
  • Cooperation agreements between the United States (and, if different, the domicile of the fund) and each EU target state
  • The practical significance of the transitional period from July 22, 2013 to July 21, 2014

Jedd Wider
William Yonge


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