tailieunhanh - Implementation of the Alternative Investment Fund Managers Directive

The Communication highlighted the role played by microfinance institutions/micro-credit providers in developing the provision of micro-credit in Europe and stressed that adequate technical support is necessary to help these operators release their potential. In this context, the Commission and the European Investment Bank agreed on the "Joint action to support microfinance institutions in Europe" (“JASMINE”), an initiative launched in September 2008 and aimed at helping MFIs/ micro-credit providers to improve the quality of their operations, to expand and to become self- sustainable. The initiative comprised a technical assistance facility (“JASMINE Technical Assistance”) through which the EIF has arranged,. | Discussion Paper DP12 1 Financial Services Authority Implementation of the Alternative Investment Fund Managers Directive Financial Services Authority January 2012 Implementation of the Alternative Investment Fund Managers Directive Contents Abbreviations used in this paper 3 1 Overview 7 2 Implementation 14 3 Scope 21 4 Operating Requirements on AIFMs 28 5 Management Requirements on AIFMs 45 6 Transparency 55 7 Depositary 64 8 Marketing 73 9 Categories of AIF and specialised regimes 79 Annex 1 List of DP questions The Financial Services Authority .