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By Olivier Carré, partner at PwC Luxembourg and Frédéric Vonner, director at PwC Luxembourg
The Alternative Investment Fund Managers Directive (“AIFMD”) was transposed into the Luxembourg regulatory framework six months ago. Although the entities in scope of the AIFMD and already existing in July 2013 have yet another six months to comply with the law, we can still draw some first lessons based on how the Luxembourg players get prepared to address the AIFMD requirements as well as on the first application files submitted throughout the EU and the licences already granted.
One of the first lessons of AIFMD is that this piece of regulation, while it initially addresses the managers of alternative funds, has numerous impacts on the alternative investment...
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