With the revision of the Alternative Investment Fund Managers Directive 2011/61/EU (AIFMD) currently underway by the European Commission and ESMA (see further our earlier blog post here), we thought it a good time to recap on some of the core principles of “AIFMD I”.
Please see here for our in-depth review of core principles of AIFMD I.
Although we focus on the Cypriot regime much of the content is also applicable to the EU as a whole. The AIFMD I is of course EU law and has evolved into one of the cornerstone Single Market directives in the EU.
