Bouwinvest obtains AIFMD licence
Bouwinvest is one of the first real estate investment managers to have completed the compulsory Alternative Investment Fund Managers Directive (AIFMD) licensing procedure.
“We’re proud to be among the first,” says Bouwinvest’s chairman of the board Dick van Hal. “It’s good to know the organisation complies with the requirements.”
As a subsidiary of the Dutch Pension Fund for Construction Workers, Bouwinvest is already under the supervision of the Dutch central bank, De Nederlandsche Bank (DNB).
With the AIFMD licence, Bouwinvest comes under the supervision of the Authority for the Financial Markets (AFM). The AFM ensures that Bouwinvest complies with the current obligations and will carry on complying with the continuous licence conditions as defined in the AIFMD regulatory framework.
Bouwinvest has appointed Intertrust Depositary Services as depositary. The depositary is a compulsory part of the AIFMD requirements. Intertrust will monitor/supervise cash flows and carry out confirmation of ownership and develop supervisory tasks at Bouwinvest.
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