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By Kenneth Iek partner, Assurance Real Estate, PwC Luxembourg Olga Huizinga-Lvova, director, Assurance Real Estate, PwC Luxembourg
Background
The Alternative Investment Fund Managers Directive (the AIFMD or the Directive) subjects managers of alternative investment funds (AIFs) to compulsory regulation in the European Union (EU) and will require significant modifications to the structures, strategies and operations of real estate fund managers and real estate funds. The EU Parliament approved the AIFMD on 11 November 2010, and it is expected to come into force in early 2013.
AIFMD is one of a host of regulatory developments to which real estate fund...
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