The Directive on Alternative Investment Funds Managers (AIFMD): An Introduction

Abstract

This is the introductory chapter to the third edition of the book ' The Alternative Investment Fund Managers Directive', 3rd. ed. 2020, provided with kind permission by the publisher WoltersKluwer. The chapter provides an overview of the legislative history leading to the AIFMD, introduces to the regulatory approach of the AIFMD, discusses latest developments with regard to the AIFMD (including the Cross-Border Fund Distribution Directive and Regulation, Brexit as well as AIFMD II) and ends with a detailed overview of the full book. It argues that the AIFMD's specific regulatory approach to collective investment schemes paired with the European passport explains why almost a decade after its adoption the AIFMD has become the role model for fund legislation worldwide.