The Alternative Investment Funds Managers Directive (AIFMD) which was introduced in July 2011 is a EU financial regulation impacting Hedge funds, private equity, real-estate funds and other "Alternative Investment Fund Managers".
It was the first EU level legislation to regulate Alternative Investment Fund Managers (AIFMs) and was part of the G20 nations’ response to the financial crash of 2008.
Key provisions of AIFMD enforce greater transparency for AIFMDs and ensure that national supervisory boards, the European Securities and Markets Authority (ESMA) and the European Systemic Risks Board (ESRB), have all the information they need to monitor systemic risk.
