The Alternative Investment Fund Managers Directive

12 december 2012

The implementation of the AIFMD will lead to a drastic change in the supervision of real estate funds in the Netherlands and most likely in many other Member States as well. As a consequence of the AIFMD’s implementation, real estate AIFMs will become subject to both a licence requirement (‘authorization’) and a large number of on-going obligations
(‘operating conditions’).

Charles Destrée addresses the consequences of the AIFMD for real estate funds, with special consideration of the Dutch legislative proposal to amend the Dutch Financial Supervision Act (‘Dutch FSA’) with respect to real estate AIFMs, in this chapter of Wolters Kluwers Law & Business edition.