Legal & Regulation

With just over eight weeks to go before the AIFMD transposition deadline, Sebastien Danloy (pictured), Head of Investor Services Europe and Offshore at RBC Investor & Treasury Services, comments on late implementation and its effects on asset managers… »

The Central Bank of Ireland has issued the necessary application forms and accompanying rules to allow alternative investment fund managers (AIFMs) and alternative investment funds (AIFs) to apply for authorisation under the new Alternative Investment Fund Managers Directive (AIFMD). »

Appleby has acted as Jersey counsel for Atrium European Real Estate in relation to the placement of a EUR350m unsecured seven year Eurobond, maturing in April 2020 and bearing a fixed coupon of 4.00 per cent per annum.  »

The European Public Real Estate Association (EPRA) has voiced alarm at an unexpected proposal by Germany’s Federal Financial Supervisory Authority (BaFin) to include domestic REITs within the scope of the EU’s Alternative Investment Fund Managers Directive (AIFMD) as it is applied under German law. »

TIME Investments has converted its GBP157m freehold ground rent fund, The Freehold Income Trust (FIT), into a tax efficient Property Authorised Investment Fund (PAIF).  »

While 86 per cent of respondents to a Northern Trust survey say they broadly understand the implications of the Alternative Investment Fund Manager Directive, close to 70 per cent feel their investors are not engaged in AIFMD considerations. »

EU and member state regulation governing the real estate market and demand for sustainable buildings is changing market conditions and investor behaviour, according to a paper published by the Institutional Investors Group on Climate Change, which represents investors and asset managers worth EUR7.5trn. »

The Cayman Islands Government is to adopt a Model 1 intergovernmental agreement (IGA) in response to the US Foreign Account Tax Compliance Act (FATCA). »

Drooms has launched AIFMD/command, a virtual data room solution for the large number of fund managers who are lacking the resources to comply with the incoming reporting obligations under the Alternative Investment Fund Management Directive. »

Carey Olsen and Heritage International Fund Managers (HIFM) have acted for ICG-Longbow Senior Secured UK Property Debt Investments on the first London listed fund initial public offering of 2013. »