The objective of this module is to provide the participants with a solid understanding of the Alternative Investment Fund Managers Directive.
The subject will be handled in a pragmatic format, using examples wherever possible and permitting questions and promoting discussion.

• The directive, its political environment, objectives and impact
• The regulatory process
• The scope of the directive
• Passports, marketing and management
• Authorization
• Conduct of business (incl. governance, internal control, rules of conduct, remuneration, conflicts of interest)
• Functions and service providers (incl. portfolio management, risk / liquidity management, delegation and sub-delegation, valuation, depositary)
• Transparency (disclosure to investors, annual reports, reporting to competent authorities)
• Specific provisions
• The impact to investors, product ranges and organizational models
• Implementation