Atjaunināt sīkdatņu piekrišanu

E-grāmata: Alternative Investment Funds in Europe

Edited by (Professor of Financial Law, University of Nijmegen, Netherlands), Edited by (Managing Director and International Counsel, Morgan Stanley Investment Management; Visiting Professor of Law, King's College London)
  • Formāts: 560 pages
  • Sērija : Oxford EU Financial Regulation
  • Izdošanas datums: 29-May-2014
  • Izdevniecība: Oxford University Press
  • Valoda: eng
  • ISBN-13: 9780191635274
Citas grāmatas par šo tēmu:
  • Formāts - EPUB+DRM
  • Cena: 280,00 €*
  • * ši ir gala cena, t.i., netiek piemērotas nekādas papildus atlaides
  • Ielikt grozā
  • Pievienot vēlmju sarakstam
  • Šī e-grāmata paredzēta tikai personīgai lietošanai. E-grāmatas nav iespējams atgriezt un nauda par iegādātajām e-grāmatām netiek atmaksāta.
  • Formāts: 560 pages
  • Sērija : Oxford EU Financial Regulation
  • Izdošanas datums: 29-May-2014
  • Izdevniecība: Oxford University Press
  • Valoda: eng
  • ISBN-13: 9780191635274
Citas grāmatas par šo tēmu:

DRM restrictions

  • Kopēšana (kopēt/ievietot):

    nav atļauts

  • Drukāšana:

    nav atļauts

  • Lietošana:

    Digitālo tiesību pārvaldība (Digital Rights Management (DRM))
    Izdevējs ir piegādājis šo grāmatu šifrētā veidā, kas nozīmē, ka jums ir jāinstalē bezmaksas programmatūra, lai to atbloķētu un lasītu. Lai lasītu šo e-grāmatu, jums ir jāizveido Adobe ID. Vairāk informācijas šeit. E-grāmatu var lasīt un lejupielādēt līdz 6 ierīcēm (vienam lietotājam ar vienu un to pašu Adobe ID).

    Nepieciešamā programmatūra
    Lai lasītu šo e-grāmatu mobilajā ierīcē (tālrunī vai planšetdatorā), jums būs jāinstalē šī bezmaksas lietotne: PocketBook Reader (iOS / Android)

    Lai lejupielādētu un lasītu šo e-grāmatu datorā vai Mac datorā, jums ir nepieciešamid Adobe Digital Editions (šī ir bezmaksas lietotne, kas īpaši izstrādāta e-grāmatām. Tā nav tas pats, kas Adobe Reader, kas, iespējams, jau ir jūsu datorā.)

    Jūs nevarat lasīt šo e-grāmatu, izmantojot Amazon Kindle.

The book provides a full and practical review of the impact of the highly controversial European Directive on Alternative Investment Fund Managers, which was adopted after much debate in October 2010 (AIFMD).

The AIFMD is intended to be a regulatory response to systematic risks that came to light in the financial crisis and will have a broad and material impact on the manner in which investment managers may operate and offer non-retail funds (including hedge funds, private equity funds, real estate funds and infrastructure funds), which were previously largely unregulated. The AIFMD not only regulates fund managers based in the EU, but also seeks to regulate non-EU managers who seek to offer non-EU funds to EU investors. Accordingly, the AIFMD will impact all fund offerings to professional investors based in the EU, potentially severely limiting the range of investments available to EU pension funds, insurance companies and other institutional investors.

The book begins with a detailed review of the AIFMD itself, including the 'Level 2' rules. The bulk of the book consists of chapters that analyse and explain the national implementation legislation of the EU Member States. Through this structure, the work provides the reader with fast-track access to the regulation at European and national level of non-retail EU and non-EU funds and fund managers, which are caught by the AIFMD.

Recenzijas

'...offers an excellent analysis of the rules of the AIFMD (including delegated legislation), always pointing out practical consequences and uncertainties. Nothing of practical relevance is left out In conclusion, this book fulfills the promise: it provides the reader with fast-track access to the regulation at European and national level of nine EU Member States. It is more than worthwhile reading for anybody wishing to take a look at the implementation in other member states or to follow the dynamic development of fund management law and regulation in Europe.' * Markus Heidinger, J.I.B.L.R. *

Table of Cases
xiii
Table of Legislation
xv
List of Abbreviations
xlix
List of Directive and Regulation Short Forms
liii
List of Contributors
lv
1 The Alternative Investment Fund Managers Directive
Danny Busch
Lodewijk van Setten
I Terms of Reference
1(45)
II General Provisions of the AIFMD
46(84)
III Authorization to Manage an AIF
130(80)
IV Operating Requirements
210(122)
V Delegation of AIFM Functions
332(31)
VI Depositary
363(102)
VII Transparency Requirements
465(26)
VIII AIFM Managing Specific Types of AIF
491(35)
IX Marketing AIFs in the EU
526(45)
X Competent Authorities and Supervisory Powers
571(7)
XI Transitional and Final Provisions
578
2 United Kingdom
David Rouch
I Pre-AIFMD Regulatory Framework
1(13)
II Regulation of National AIFs after the AIFMD
14(5)
III General Provisions of the AIFMD and the Implementing Regulation
19(23)
IV Authorization of AIFMs
42(21)
V Operating Conditions for AIFMs
63(64)
VI Transparency Requirements
127(10)
VII AIFM Managing Specific Types of AIF
137(6)
VIII Rights of EU AIFMs to Market and Manage EU AIFs in the EU-
143(26)
IX Specific Rules in Relation to Third Countries
169(10)
X Marketing to Retail Investors
179(7)
XI Competent Authorities and Supervisory Powers
186(1)
XII Concluding Remarks
187
3 France
Stephane Puel
I Introduction
1(14)
II Pre-AIFMD Regulatory Framework
15(11)
III Regulation of National AIFs after the AIFMD
26(6)
IV General Provisions of the AIFMD and the Implementing Regulation
32(8)
V Authorization of AIFMs
40(10)
VI Operating Conditions for AIFMs
50(36)
VII Transparency Requirements
86(10)
VIII AIFM Managing Specific Types of AIF
96(9)
IX Rights of EU AIFMs to Market and Manage EU AIFs in the EU
105(9)
X Specific Rules in Relation to Third Countries
114(16)
XI Marketing to Retail Investors
130(5)
XII Competent Authorities and Supervisory Powers
135(7)
XIII Concluding Remarks
142
4 Germany
Christian Schmies
I Introduction
1(14)
II Pre-AIFMD Regulatory Framework
15(8)
III Regulation of National AIFs after the AIFMD
23(2)
IV General Provisions of the AIFMD and the Implementing Regulation
25(11)
V Authorization of AIFMs
36(10)
VI Operating Conditions for AIFMs
46(28)
VII Transparency Requirements
74(10)
VIII AIFM Managing Specific Types of AIF
84(8)
IX Rights of EU AIFMs to Market and Manage EU AIFs in the EU
92(13)
X Specific Rules in Relation to Third Countries
105(11)
XI Marketing to Retail Investors
116(6)
XII Competent Authorities and Supervisory Powers
122(3)
XIII Concluding Remarks
125
5 Ireland
Michael Jackson
Dualta Counihan
I Introduction
1(32)
II Pre-AIFMD Regulatory Framework
33(31)
III Regulation of National AIFs after the AIFMD
64(24)
IV General Provisions of the AIFMD and the Implementing Regulation
88(6)
V Authorization of AIFMs
94(17)
VI Operating Conditions for AIFMs
111(29)
VII Transparency Requirements
140(12)
VIII AIFM Managing Specific Types of AIF
152(7)
IX Rights of EU AIFMs to Market and Manage EU AIFs in the EU
159(22)
X Specific Rules in Relation to Third Countries
181(9)
XI Marketing to Retail Investors
190(2)
XII Competent Authorities and Supervisory Powers
192(5)
XIII Concluding Remarks
197
6 Italy
Francesco Paolo Crocenzi
I Introduction
1(10)
II Pre-AIFMD Regulatory Framework
11(28)
III Regulation of National AIFs after the AIFMD
39(5)
IV General Provisions of the AIFMD and the Implementing Regulation
44(8)
V Authorization of AIFMs
52(21)
VI Operating Conditions for AIFMs
73(54)
VII Transparency Requirements
127(12)
VIII AIFM Managing Specific Types of AIF
139(8)
IX Rights of EU AIFMs to Market and Manage EU AIFs in the EU
147(14)
X Specific Rules in Relation to Third Countries
161(9)
XI Marketing to Retail Investors
170(11)
XII Competent Authorities and Supervisory Powers
181(12)
XIII Concluding Remarks
193
7 Luxembourg
Gilles Dusemon
Victorien Hemery
Myriam Moulla
I Introduction
1(58)
II Pre-AIFMD Regulatory Framework
59(11)
III Regulation of National AIFs after the AIFMD
70(5)
IV General Provisions of the AIFMD and the Implementing Regulation
75(17)
V Authorization of AIFMs
92(49)
VI Operating Conditions for AIFMs
141(93)
VII Transparency Requirements
234(27)
VIII AIFM Managing Specific Types of AIF
261(6)
IX Rights of EU AIFMs to Market and Manage EU AIFs in the EU
267(25)
X Specific Rules in Relation to Third Countries
292(23)
XI Marketing to Retail Investors
315(3)
XII Competent Authorities and Supervisory Powers
318(7)
XIII Concluding Remarks
325
8 The Netherlands
Kees Groffen
Bernard Spoor
I Introduction
1(20)
II Pre-AIFMD Regulatory Framework
21(13)
III Regulation of National AIFs after the AIFMD
34(3)
IV General Provisions of the AIFMD and the Implementing Regulation
37(10)
V Authorization of AIFMs
47(25)
VI Operating Conditions for AIFMs
72(30)
VII Transparency Requirements
102(12)
VIII AIFM Managing Specific Types of AIF
114(10)
IX Rights of EU AIFMs to Market and Manage EU AIFs in the EU
124(9)
X Specific Rules in Relation to Third Countries
133(15)
XI Marketing to Retail Investors
148(8)
XII Competent Authorities and Supervisory Powers
156(24)
XIII Concluding Remarks
180
9 Spain
Emilio Diaz Ruiz
Salvador Ruiz Bachs
I Introduction
1(13)
II Pre-AIFMD Regulatory Framework
14(8)
III Regulation of National AIFs after the AIFMD
22(6)
IV General Provisions of the AIFMD and the Implementing Regulation
28(9)
V Authorization of AIFMs
37(18)
VI Operating Conditions for AIFMs
55(46)
VII Transparency Requirements
101(12)
VIII AIFM Managing Specific Types of AIF
113(11)
IX Rights of EU AIFMs to Market and Manage EU AIFs in the EU
124(12)
X Specific Rules in Relation to Third Countries
136(15)
XI Marketing to Retail Investors
151(5)
XII Competent Authorities and Supervisory Powers
156(4)
XIII Concluding Remarks
160
10 Sweden
Dan Hanqvist
I Introduction
1(8)
II Pre-AIFMD Regulatory Framework
9(3)
III Regulation of National AIFs after the AIFMD
12(4)
IV General Provisions of the AIFMD and the Implementing Regulation
16(6)
V Authorization of AIFMs
22(13)
VI Operating Conditions for AIFMs
35(22)
VII Transparency Requirements
57(9)
VIII AIFM Managing Specific Types of AIF
66(8)
IX Rights of EU AIFMs to Market and Manage EU AIFs in the EU
74(12)
X Specific Rules in Relation to Third Countries
86(15)
XI Marketing to Retail Investors
101(2)
XII Competent Authorities and Supervisory Powers
103(7)
XIII Concluding Remarks
110(365)
Index 475
Lodewijk van Setten is Managing Director and International Counsel at Morgan Stanley Investment Management, and Visiting Professor at King's College, London. He wrote The Law of Institutional Investment Management (OUP, 2009) and is well-known in the UK which is the principal European market for alternative funds.

Danny Busch is Professor of Financial Law at the Institute for Financial Law, University of Nijmegen and practised with De Brauw Blackstone Westbroek (Amsterdam). He is a member of the Consultative Working Group (CWG) which advises the Investor Protection and Intermediaries Standing Committee (IPISC) on aspects of the current review of the European Markets in Financial Instruments Directive (MiFID).