THE advantages and implications of the Alternative Investment Fund Managers Directive (AIFMD) will be placed under the spotlight at an AO Hall conference.
A panel of local and off-island specialists will address the advantages, as well as offer practical advice on the additional requirements that the AIFMD may impose on Guernsey funds and fund managers.
Sam Shires, AO Hall group partner, said the conference would be solutions led.
‘Many perceive the AIFMD as a competitive threat to the EU funds industry due to the new requirements that are imposed by it. However, there may be competitive advantages under the AIFMD to using Guernsey as the jurisdiction in which to domicile and/or manage funds that are intended to attract EU investors,’ he said.
‘Due to the complexity of the AIFMD, many fund managers are taking a “wait and see” approach to compliance with the new requirements, but time is quickly running out to ensure that they meet the demands of the Directive.’
The AIFMD came into force in July this year and so there has now been enough time to understand the implications.
‘Our panel of experts have been carefully chosen to give invaluable insight to the audience. They will be explaining the practical solutions as to how funds and fund managers can comply with the AIFMD,’ he said.
Mr Shires will be joined on the panel by Aaron Stocks, head of the dedicated listed funds group at Travers Smith, a London firm whose partners have been at the heart of negotiations on the Directive and at the forefront of its implementation by the FCA; former Guernsey International Business Association chairman Paul Meader, who is responsible for the Fund Solutions division of Asset Risk Consultants and specialises in working with funds and fund managers to help meet the practical requirements of the AIFMD; and Miguel Arraya, management consultant at MFA Consulting, who has 25 years’ experience as an investment professional. AO Hall’s group partner Matt Sanders and associate Stephen Ozanne will also sit on the panel.
The conference will be held in the Colborne Room at the Old Government House Hotel from 9am to 12.30pm on Thursday 17 October and is free to attend. Places can be reserved by contacting Nikki Travis on (01481) 723723 or email firstname.lastname@example.org