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Jersey | Guernsey | London | Dublin | Geneva | Mauritius | BVI | Singapore. 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 - PowerPoint PPT Presentation
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Jersey | Guernsey | London | Dublin | Geneva | Mauritius | BVI | Singapore
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 [email protected]