Netherlands first to adopt AIFM Directive

NetherlandsThe Netherlands has become the first European country to implement the Alternative Investment Fund Managers (Aifm) Directive after the Dutch parliament approved the law last week. The European Commission created the directive to limit risks for investors in alternative investment funds, ranging from hedge and private equity funds to real estate investment funds. The implementation saw a coordinated effort by the Ministry of Finance, the Dutch regulator AFM, and market participants. A tailor-made AIFMD sounding board was created to support the process. Marco Frikkee, a partner at business consultancy KPMG, said that together with the existing tax rules for alternative investment funds, the Netherlands is now among the top rated countries as a potential business location for asset managers and their funds. ©2012 funds europe

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