Institutional Investors Politics & Regulation

Isle of Man fund management bodies welcome AIFM Directive


Following approval of the Alternative Investment Fund Manager Directive by the European Parliament, the Isle of Man has confirmed that work is underway to ensure its regime meets key regulatory criteria before the Directive is implemented in 2013.

The Isle of Man’s Fund Management Association has welcomed the Directive, anticipating that a harmonised regulatory framework will enable specific categories of Isle of Man schemes to be passported.

“The Isle of Man regulatory regime is already aligned with many of the requirements of the AIFM Directive,” said John Aspden, chief executive of the Isle of Man Financial Supervision Commission. “As