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Starting Off the New Year with an AIFMD Bang!

30 January, 2014

Caroline McGrath, Senior Associate Bedell Cristin

Introduction

■ AIFMD statistics■ End of transitional arrangements■ AIFMD flowcharts■ AIF codes■ AIFMD forms, fees and application timescales

AIFMD statistics

■ As at 10 January, 2014■ 10 AIFSB/EXEMPT notification forms■ 10 FSJ/AIFSB application forms■ 4 AIF/SUB AIFM application forms■ 11 AIF/EXEMPT notification forms■ 3 AIF application forms■ No AIF CODES/DEPOSITARY notification forms or AIF/CLOSED-ENDED DEPOSITARY notification forms

Transitional arrangements

■ Alternative Investment Funds (Jersey) Order 2013

■ Financial Services (Amendment of Schedule 2 to the Law) (No.4) (Jersey) Order 2013

Flowchart for Jersey AIFMs

Flowchart for Jersey AIFs

Flowchart for Jersey depositaries

AIF Codes – Part I: Application

AIFSB/Exempt notification form

FSJ/AIFSB application form

AIF/SUB AIFM application form

AIF/EXEMPT notification form

AIF application form

AIF CODES/DEPOSITARY notification form

AIF/CLOSED-ENDED DEPOSITARY application form

AIFMD fees

Application timescales

AIFM Timescale

AIFSB/EXEMPT notification form Same day

FSJ/AIFSB application form 10 working days from receipt of complete application

AIF/SUB AIFM application form In line with the relevant COBO fund application

AIF Timescale

AIF/EXEMPT notification form Same day

AIF application form In line with the relevant COBO fund application

Depositary Timescale

AIF CODES/DEPOSITARY notification form Notification within 28 days of appointment as depositary

AIF/CLOSED –ENDED DEPOSITARY notification form In line with the relevant COBO fund application

Conclusion

■ Key focus for Jersey fund managers in 2014■ Assess AIFMD compliance requirements■ Plan and implement AIFMD compliance plan

Starting Off the New Year with an AIFMD Bang!

Caroline McGrathSenior AssociateBedell Cristin, Jersey +44 (0)1534 814829caroline.mcgrath@bedellgroup.com