Politics & Regulation

Deloitte says strict UK guidelines for AIFMD will raise costs


As the UK’s HM Treasury publishes policy options for implementing the EU’s controversial Alternative Investment Fund Managers Directive (AIFMD), advisory firm Deloitte has outlined the potentially high cost implications for fund managers.

“The Treasury paper presents two legislative options for small alternative investment fund managers, both of which suggest sets of rules that will be stricter than those required by the European directive,” said Stuart McLaren, investment partner at Deloitte.

“The question alternative investment fund managers will want answered is: How proportional will the FSA’s approach be? Will they recognise that not all alternative managers are the same,