The FSA seeks responses from UK alternative investment management firms to a survey. The survey aims to identify the likely timings of applications from firms to vary their existing permissions to become an ‘AIFM’ over the course of the AIFMD transitional year (July 2013 to July 2014). This is a great opportunity for firms that are concerned about the prospect of their business being disrupted (largely because they may not be able to market their hedge funds to EU investors) as a result of not being authorised under AIFMD by its effective date 22 July 2013. The FSA also states it intends to publish its second, and widely anticipated, AIFMD consultation paper on 14 March 2013.
