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The 7th AIFM Directive Conference
£1,295 +VAT
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Ensure full compliance with the application and authorisation process for the Directive.

  • Course Instructor

    Featuring key regulators including:

    Tilman Lueder, Head of Unit - Asset Management - European Commission
    Franck Guiader, Senior Advisor, Asset Management Regulation Division, Autorité des Marchés Financiers (AMF), France
    Christopher Buttigieg, Deputy Director, Malta Financial Service Authority
    Thomas Neumann, Head of Investment Supervision, Federal Financial Supervisory Authority, Ba-Fin

    And key presentations from industry leaders:

    Alex Nightingale, Director, Legal and Compliance, BlackRock
    Graham Goodhew, Director and Conducting Person, JPMorgan Asset Management (Europe) s.ar.l.
    Nigel Kemp, Managing Director, Citi Transaction Services
    Susan Woodman, General Cousel and Compliance Officer, Equistone Partners Europe Limited
    Romain Guizard, International Development Manager, AFG, Founding Member, Paris Fund Industry
    Charles Muller, Partner, KPMG Luxembourg s.ar.l.
    Dara Harrington, Partner, Arthur Cox
    Bill Prew, CEO, INDOS Financial
    Sandrine Leclercq, Counsel, Baker & McKenzie
    Leonard Ng, Partner, Sidley  Austin
    Jonathan Herbst, Partner,  Norton Rose Fulbright
    Dara Harrington, Partner, Arthur Cox 
    Tim Wright, Director, PricewaterhouseCoopers
    Martin Cornish, PartnerMJ Hudson
    Michael Booth, Senior Manager, Investment Management & Private Equity, Deloitte


 

Are you ready for compliance with the AIFM Directive?

July 2014 will signal the end of the transition period for implementation of the AIFM Directive.  Despite this some details of the legislation are far from clear and a number of countries have yet to transpose the Directive into national law. 

Providing you with guidance, clarification and developments at this critical juncture in the new regime, Euromoney Legal presents the 6th AIFM Directive Conference.  Once again this event will bring together national regulators sharing the latest developments on how they are interpreting the legislative requirements.  Attendees will also benefit from the experience of other fund managers on how they are managing the authorization and fund marketing processes and procedures.  Legal experts from leading law firms in the UK and Europe will be on hand to navigate the complexities of the Directive.

  • Reumeration requirements
  • Depositary liabilities
  • Marketing  under private placement
  • Transparency and reporting obligation
  • Passporting in the new regime

Speakers will address each of these topics to provide clarity and answers on any outstanding questions. Attendees will have the opportunity to raise questions and join the debate ensuring they leave the event will comprehensive knowledge on how to achieve full compliance with the legislation.

For more information on opportunities for speaking, sponsorship and marketing, please contact Tommaso Dimitri at tdimitri@euromoneytraining.com or tel: 44 20 7779 8060.

 

Sponsored by:

www.ropesgray.com

 

 www.matheson.com

6th AIFM Directive Conference

Ensure full compliance with the application and authorisation process for the Directive

4th & 5th March 2014, London

To receive a copy of the full agenda, please contact tdimitri@euromoneytraining.com

 

Day One: 4th March 2014

08.30
Registration and refreshments

09.00
Opening remarks from the Chair
Michelle Moran
, Partner, Ropes & Gray



09.10
COUNTRY FOCUS - European Commission Address: AIFM Directive 2014 – a new era for alternative fund management in the EU?

  • A bigger goal – examining the AIFM Directive in the context of wider EU fund legislation
  • Gauging the impact on the alternative investment fund industry in the EU and beyond
  • The next steps to deliver full implementation
  • Planning a review

James Hopegood, Policy Analyst, Asset Management Unit, European Commission


09.40 
COUNTRY FOCUS - France: Doing business in France after the AIFM D

  • How has the AIFM Directive been implemented – what additional features have been added?
  • Update on the authorisation campaign and the passport notification mechanism
  • AMF practice regarding reporting requirements and remuneration provisions

Franck Guiader, Senior Advisor, Asset Management Regulation Division, Autorité des Marchés Financiers (AMF), France

10.10 COUNTRY FOCUS - Germany: How the fund industry is working under the AIFM D

  • Authorising AIFMs under the new  regime
  • Transposing the legislation for the domestic market
  • How does the AIFM D interact with the revised Capital Investment Act (KABG-E)?

    Thomas Neumann, Head of Investment Supervision, Federal Financial Supervisory Authority, Ba-Fin 

10.45
Morning refreshments

11.15 
COUNTRY FOCUS - United Kingdom: Gearing up for implementation in the UK

  • Transposing the Directive - how will the requirements of the AIFM Directive interact with existing UK fund regulation?
  • How will the legislation impact on funds being marketed and distributed in the UK?
  • How will private placement regimes be impacted?
  • What support does the industry need to achieve compliance?

    Jonathan Herbst, Partner, Norton Rose Fulbright

11.50 
Industry panel: Challenges and opportunities in apply for authorisation and operating under the new rules  
  • Key challenges in meeting the requirements for the AIFM application process
  • Assessing levels of support available from national and EU authorities
  • Technical and legal questions that still require clarification
  • Reviewing product ranges – assessing the viability of funds under AIFMD
  • Beyond July 2014 – what next?

    Moderator: Michelle Moran, Partner, Ropes & Gray
    Alex Nightingale, Director, Legal and Compliance, BlackRock
    Graham Goodhew,
    Director and Conducting Person, JPMorgan Asset Management (Europe) s.a.r.l.

    Romain Guizard, International Development Manager, AFG, Founding Member, Paris Fund Industry


12.40
Lunch

14.00
COUNTRY FOCUS - Luxembourg: Managing the AIFM authorisation process

  • Reviewing applications received to date
  • The authorisation process
  • Key outstanding questions by and for applicants

    Charles Muller, Partner, KPMG Luxembourg s.àr.l.
    Kian Navid,
    Senior Adviser, KPMG Luxembourg s.àr.l.  

14.30
Clarifying the latest ESMA guidance reporting obligations and Annex IV under the AIFMD

  • How often do AIFMs need to report? What are the reporting periods
  • What do AIFMs need to consider when deciding when first to report? How flexible is the approach?
  • Understanding the requirements under Annex IV – how similar / different are they to Form PF?
  • Getting to grips with the details on report format, templates etc.

    Michael Booth, Senior Manager, Investment Management & Private Equity, Deloitte

14.50
Discussion: Key questions and challenges surrounding the AIFM reporting regime

  • Transitional arrangements attached to reporting – how do they differ in different jurisdictions?
  • Can the principles based approach of ESMA in relation to reporting work? Would a more prescriptive regime work better to achieve the goal of managing systemic risk?
  • Practicalities of delivering the level of detail at the required frequency for master AIFs, EU feeder AIFs etc.
  • Implications of the reporting regime for funds that employ leverage

    Moderator: Chris Burkhardt, Director, KPMG Luxembourg
    Susan Woodman,
    General Counsel and Compliance Officer, Equistone Partners Europe Limited
    Michael Booth,
    Senior Manager Investment Management & Private Equity, Deloitte 
    Richard Heffner, Counsel, Dechert

15.30
Afternoon refreshments

15.50
COUNTRY FOCUS – Ireland: How the fund industry is operating under the new AIFM D regime

  • Managing the authorisation process to date
  • Interpreting the legislation for the domestic market – what additional requirements have been introduced and how have they impacted on the industry?
  • How does the AIFM D interact with the revised Capital Investment Act (KABG-E)?

    Dara Harrington, Partner, Arthur Cox

16.20 
Exemptions and the ‘depositary-lite’ regime under the AIFM D

  • Understanding the detail of the depositary lite regime, who it applies to and who is exempt
  • How do the obligations under this regime different from the mainstream operating model?
  • How does the depositary-lite regime work in the UK? Clarifying Article 36 custodian authorisation requiremen

    Bill Prew, CEO, INDOS Financial

16.50
Discussion: The post-AIFMD Prime Brokerage and Depositary operating model: how is it working?

  • Consideration of the different prime broker /depositary operating models post AIFMD
  • Key outstanding issues
  • Implications for managers and funds

    Moderator: Michelle Moran, Partner, Ropes & Gray
    Nigel Kemp, Managing Director, Citi Transaction ServicesD
    Sandrine Leclercq
    , Counsel, Baker & McKenzie
    Bill Prew ,
    CEO, INDOS Financial

17.25
Closing remarks from the Chair

17.30
Close of Day One

 

Day Two: 5th March 2014

08.45
Registration and refreshments

09.20
Welcoming remarks from the Chair
Michelle Moran
, Partner, Ropes & Gray

09.30 
COUNTRY FOCUS - Malta: Managing the AIFMD practical implementation process

  • Reviewing applications received to date
  • The authorisation process
  • Key outstanding questions by and for applicants
  • The process for non-EU AIFM

    Christopher Buttigieg, Deputy Director, Malta Financial Services, Authority

10.00
Marketing under the post AIFM D private placement regime – opportunities and challenges

  • Private placement regimes now and after 2015
  • Practicalities and costs of marketing to member states of funds domiciled outside the EU
  • Depositary, transparency and disclosure requirements
  • Update on cooperation agreements between national regulators

    Leonard Ng, Partner, Sidley Austin LLP

10.30
Fund marketing under the AIFMD passport

  • Passporting opportunities available
  • Pasporting rights in Members States that have not yet transposed the directive
  • Application process and notice periods
    Tamasin Little, Partner, King & Wood Mallesons SJ Berwin

11.00
Morning coffee

11.30
How does AIFMD impact on remuneration policies and practices?

  • Understanding the remuneration provisions in the legislation
  • Which entities and individuals are affected?
  • Which remuneration is covered?
  • What are the transparency requirements?
  • How is the proportionality principle applied?

    Tim Wright, Director, PricewaterhouseCoopers

12.00
Clarifying FCA guidance on the AIFMD Remuneration Code 

  • Timing for implementing the AIFMD Remuneration Code
  • Proportionality - size thresholds for disapplying the pay-out process rules
  • Guidance on applying proportionality to carried interest
  • Guidance on applying proportionality to delegates
  • Payments to partners or members of an AIFM
  • New tax rules on Partner’s deferred portion of variable remuneration
  • Variable remuneration in AIF units or shares
  • Minimum retention periods

Martin Cornish, Partner, MJ Hudson

12.30
Q&A

12.40
Close of Conference


For more information on opportunities for speaking, sponsorship and marketing, please contact Tommaso Dimitri at tdimitri@euromoneytraining.com or tel: 44 20 7779 8060.

  • Featuring key regulators including:

    Tilman Lueder, Head of Unit - Asset Management - European Commission
    Franck Guiader, Senior Advisor, Asset Management Regulation Division, Autorité des Marchés Financiers (AMF), France
    Christopher Buttigieg, Deputy Director, Malta Financial Service Authority
    Thomas Neumann, Head of Investment Supervision, Federal Financial Supervisory Authority, Ba-Fin

    And key presentations from industry leaders:

    Alex Nightingale, Director, Legal and Compliance, BlackRock
    Graham Goodhew, Director and Conducting Person, JPMorgan Asset Management (Europe) s.ar.l.
    Nigel Kemp, Managing Director, Citi Transaction Services
    Susan Woodman, General Cousel and Compliance Officer, Equistone Partners Europe Limited
    Romain Guizard, International Development Manager, AFG, Founding Member, Paris Fund Industry
    Charles Muller, Partner, KPMG Luxembourg s.ar.l.
    Dara Harrington, Partner, Arthur Cox
    Bill Prew, CEO, INDOS Financial
    Sandrine Leclercq, Counsel, Baker & McKenzie
    Leonard Ng, Partner, Sidley  Austin
    Jonathan Herbst, Partner,  Norton Rose Fulbright
    Dara Harrington, Partner, Arthur Cox 
    Tim Wright, Director, PricewaterhouseCoopers
    Martin Cornish, PartnerMJ Hudson
    Michael Booth, Senior Manager, Investment Management & Private Equity, Deloitte