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AIFM Directive Update on UK Implementation Measures Implications for Non-EU Managers Marketing to UK Investors

Her Majesty's Treasury recently published the revised draft Alternative Investment Fund Managers Regulations 2013 (the ''UK Regulations'') which, along with certain UK Financial Conduct Authority rules to be adopted, will be the implementing regulations transposing the Directive into UK law. In this Client Alert, we focus on the transitional provisions of the UK Regulations and in particular the effect that they will have on the ability of non-EU AIFMs to market their funds to UK based investors.

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