{"id":92648,"date":"2022-09-23T10:30:47","date_gmt":"2022-09-23T08:30:47","guid":{"rendered":"https:\/\/dev.promoculture.lu\/web\/produit\/non%20class\u00e9\/the-alternative-investment-fund-managers-directive\/"},"modified":"2026-03-24T17:36:36","modified_gmt":"2026-03-24T16:36:36","slug":"the-alternative-investment-fund-managers-directive","status":"publish","type":"product","link":"https:\/\/dev.promoculture.lu\/web\/produit\/1-droit-fiscalite\/autres\/the-alternative-investment-fund-managers-directive\/","title":{"rendered":"The Alternative Investment Fund Managers Directive"},"content":{"rendered":"<p><strong>International Banking and Finance Law Series, Volume Number 20<\/strong><\/p>\n<p><strong>The Alternative Investment Fund Managers Directive<\/strong>, in this third edition, brings the book up-to-date with several new pieces of legislation. It introduces European alternative investment funds law and picks up recent developments in regulation, technology and politics and addresses them in the investment fund context. In the ten years since the entry into force, the Alternative Investment Fund Managers Directive (AIFMD) has become an important piece of European regulation complementing the Undertakings for Collective Investment in Transferable Securities (UCITS) and the Markets in Financial Instruments (MiFI) frameworks. By discussing the latest developments, this edition brings a comprehensive and in-depth analysis of the AIFMD and its related European investment fund legislation, including the European Venture Capital Fund Regulation, the European Social Entrepreneurship Fund Regulation, the European Long-Term Investment Fund Regulation and the European Money Market Fund Regulation.<\/p>\n<p><strong>What\u2019s in this book:<\/strong><br \/>\nThis edition emphasizes the function of such factors in the financial services value chain as the following:<\/p>\n<ul>\n<li>the AIFMD\u2019s approach to robo-advisors;<\/li>\n<li>digital asset funds;<\/li>\n<li>infrastructure investments in the context of real estate and sustainable investments;<\/li>\n<li>risk management;<\/li>\n<li>transparency; and<\/li>\n<li>impact on alternative investment strategies.<\/li>\n<\/ul>\n<p>Five country reports, focusing on the European Union\u2019s five most important financial centres for alternative investment funds, deal with the potential interactions among the AIFMD and the relevant laws and regulations of France, Germany, Luxembourg, Ireland and the Netherlands.<\/p>\n<p><strong>How this will help you:<\/strong><br \/>\nThis thoroughly updated edition elaborates on potential difficulties encountered when applying the directive and provides potential solutions to the problems it raises. Since the first edition, this book has assumed the role of providing thought leadership on the AIFMD and the related pieces of regulation. The book is sure to be warmly welcomed as a much-needed practical guide by fund lawyers and consultants, investors and their counsels, fund managers, depositaries, asset managers and administrators. Regulators, lawyers, academics will welcome this as a standard volume in the field that presents the contents and discusses the regulation in a systematic manner.<\/p>\n<h3>Table des mati\u00e8res<\/h3>\n<p>Editors<\/p>\n<p>Contributors<\/p>\n<p>Preface to the Third Edition<\/p>\n<p>List of Abbreviations<\/p>\n<p>List of Figures<\/p>\n<p>List of Tables<\/p>\n<p>CHAPTER 1<br \/>\nIntroduction<br \/>\nDirk Zetzsche<\/p>\n<p>PART I<br \/>\nScope<\/p>\n<p>CHAPTER 2<br \/>\nScope of the AIFMD<br \/>\nDirk Zetzsche &#038; Christina D. Preiner<\/p>\n<p>CHAPTER 3<br \/>\nInterplay Between the AIFMD and the UCITSD<br \/>\nUlf Klebeck &#038; David Eckner<\/p>\n<p>CHAPTER 4<br \/>\nAIFMD Versus MiFID\/MiFIR: Similarities and Differences<br \/>\nDirk Zetzsche &#038; Thomas F. Marte<\/p>\n<p>CHAPTER 5<br \/>\nELTIFR Versus AIFMD<br \/>\nDirk Zetzsche &#038; Christina D. Preiner<\/p>\n<p>CHAPTER 6<br \/>\nSustainable Finance, Responsible Investments, the AIFMD and SRD II<br \/>\nDirk Zetzsche &#038; Christina D. Preiner<\/p>\n<p>CHAPTER 7<br \/>\nHow to \u201cFix\u201d the Venture Capital Model? Regulation Versus Disruption<br \/>\nMark Fenwick &#038; Erik P.M. Vermeulen<\/p>\n<p>PART II<br \/>\nRegulation of the AIFM<\/p>\n<p>CHAPTER 8<br \/>\nAppointment, Authorization and Organization of the AIFM<br \/>\nDirk Zetzsche &#038; David Eckner<\/p>\n<p>CHAPTER 9<br \/>\nDelegation<br \/>\nThibaut Partsch<\/p>\n<p>CHAPTER 10<br \/>\nRobo-Advisors under AIFMD<br \/>\nIsabelle Riassetto<\/p>\n<p>CHAPTER 11<br \/>\nAIFM\u2019s Governance and Remuneration Committees<br \/>\nPaulo C\u00e2mara<\/p>\n<p>CHAPTER 12<br \/>\nLiquidity Management and Side Pockets<br \/>\nUlf Klebeck &#038; David Eckner<\/p>\n<p>CHAPTER 13<br \/>\nRisk Management<br \/>\nDirk Zetzsche &#038; Michael Hanke<\/p>\n<p>CHAPTER 14<br \/>\nSecuritizations and SPVs under STSR and AIFMD<br \/>\nDirk Zetzsche &#038; Sebastiaan N. Hooghiemstra<\/p>\n<p>CHAPTER 15<br \/>\nInvestor Information and Reporting<br \/>\nDirk Zetzsche, David Eckner &#038; Miko Yeboah-Smith<\/p>\n<p>PART III<br \/>\nRegulation of the Depositary<\/p>\n<p>CHAPTER 16<br \/>\nDepositary Regulation<br \/>\nSebastiaan N. Hooghiemstra<\/p>\n<p>CHAPTER 17<br \/>\nThe AIF Depositary\u2019s Liability for Lost Assets<br \/>\nChristophe Clerc &#038; David Eckner<\/p>\n<p>CHAPTER 18<br \/>\nDepositaries: Still a Bit of a Mess<br \/>\nJohn R. Siena<\/p>\n<p>CHAPTER 19<br \/>\n(Prime) Brokerage<br \/>\nDirk Zetzsche<\/p>\n<p>CHAPTER 20<br \/>\nThe Rationale for a Depositary Passport<br \/>\nChristopher P. Buttigieg<\/p>\n<p>PART IV<br \/>\nInvestment Strategies<\/p>\n<p>CHAPTER 21<br \/>\nHedge Funds and Systemic Risk Reporting<br \/>\nFrank Dornseifer<\/p>\n<p>CHAPTER 22<br \/>\nDigital Asset Funds<br \/>\nDirk Zetzsche, John Lore &#038; Roberta Consiglio<\/p>\n<p>CHAPTER 23<br \/>\nAIFMD and Private Equity<br \/>\nRoderik Boogaard &#038; J\u00e9r\u00f4me Mullmaier<\/p>\n<p>CHAPTER 24<br \/>\nThe AIFM\u2019s Duties upon the Acquisition of Non-listed Firms<br \/>\nChristophe Clerc &#038; David Eckner<\/p>\n<p>CHAPTER 25<br \/>\nArt Investment Vehicles<br \/>\nDavid Eckner &#038; Randall James Willette<\/p>\n<p>CHAPTER 26<br \/>\nInfrastructure Investments<br \/>\nFrank Dornseifer, Dirk Zetzsche &#038; Miko Yeboah-Smith<\/p>\n<p>CHAPTER 27<br \/>\nThe AIFMD and (Dutch) Real Estate Funds<br \/>\nCharles Destr\u00e9e<\/p>\n<p>CHAPTER 28<br \/>\nLoan-Originating (Debt) Funds<br \/>\nSebastiaan N. Hooghiemstra &#038; Dirk Zetzsche<\/p>\n<p>CHAPTER 29<br \/>\nCooperation of AIFMs with Pension Vehicles<br \/>\nBenedikt Weiser<\/p>\n<p>CHAPTER 30<br \/>\nMoney Market Funds Regulation<br \/>\nSebastiaan N. Hooghiemstra<\/p>\n<p>CHAPTER 31<br \/>\nSubscription Credit Lines under AIFMD<br \/>\nEzechiel Havrenne<\/p>\n<p>PART V<br \/>\nThe AIFMD\u2019s Cross-Border Dimension<\/p>\n<p>CHAPTER 32<br \/>\nThe AIFMD\u2019s Cross-Border Dimension in Light of the Cross-Border Distribution Directive and Regulation<br \/>\nDirk Zetzsche &#038; Robin Veidt<\/p>\n<p>CHAPTER 33<br \/>\nThe AIFMD\u2019s Third-Country Rules and the Equivalence Concept<br \/>\nDirk Zetzsche &#038; Robin Veidt<\/p>\n<p>PART VI<br \/>\nThe AIFMD\u2019s Transposition<\/p>\n<p>CHAPTER 34<br \/>\nRegulation of AIFMs and AIFs in Germany<br \/>\nThomas Emde<\/p>\n<p>CHAPTER 35<br \/>\nRegulation of AIFMs and AIFs in France<br \/>\nIsabelle Riassetto<\/p>\n<p>CHAPTER 36<br \/>\nRegulation of AIFMs and AIFs in the Netherlands<br \/>\nSebastiaan N. Hooghiemstra<\/p>\n<p>CHAPTER 37<br \/>\nRegulation of AIFMs and AIFs in Luxembourg<br \/>\nThibaut Partsch<\/p>\n<p>CHAPTER 38<br \/>\nRegulation of AIFMs and AIFs in Ireland<br \/>\nBlanaid Clarke &#038; Mark White<\/p>\n<p>PART VII<br \/>\nThe AIFMD as Part of EU Asset Management Law<\/p>\n<p>CHAPTER 39<br \/>\nJoint Principles of European Asset Management Law: Towards Cross-Sectoral Consistency<br \/>\nDirk Zetzsche<\/p>\n<p>Bibliography<\/p>\n<p>Table of Legislation<\/p>\n<p>Index<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Banking and Finance Law Series, Volume Number 20 The Alternative Investment Fund Managers Directive, in this third edition, brings the book up-to-date with several new pieces of legislation. It introduces European alternative investment funds law and picks up recent developments in regulation, technology and politics and addresses them in the investment fund context. In [&hellip;]<\/p>\n","protected":false},"featured_media":92649,"template":"","meta":[],"product_brand":[],"product_cat":[3678,219,148],"product_tag":[],"class_list":{"0":"post-92648","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-autres","7":"product_cat-banque-finance-economie","8":"product_cat-1-droit-fiscalite","9":"product_shipping_class-standard","10":"pa_auteurs-dirk-zetzsche","11":"pa_editeur-wolters-kluwer-law","12":"pa_edition-third-edition-2020","13":"pa_nombre-de-pages-24157","15":"first","16":"instock","17":"purchasable","18":"product-type-simple"},"exclude_global_add_ons":[],"addons":[],"_links":{"self":[{"href":"https:\/\/dev.promoculture.lu\/web\/wp-json\/wp\/v2\/product\/92648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.promoculture.lu\/web\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/dev.promoculture.lu\/web\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.promoculture.lu\/web\/wp-json\/wp\/v2\/media\/92649"}],"wp:attachment":[{"href":"https:\/\/dev.promoculture.lu\/web\/wp-json\/wp\/v2\/media?parent=92648"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/dev.promoculture.lu\/web\/wp-json\/wp\/v2\/product_brand?post=92648"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/dev.promoculture.lu\/web\/wp-json\/wp\/v2\/product_cat?post=92648"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/dev.promoculture.lu\/web\/wp-json\/wp\/v2\/product_tag?post=92648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}