Webinar: FCA consultation on the AIFMD remuneration provisions

Tuesday 24 September 2013

London: 1.30pm - 2.30pm  (BST); New York: 8.30am - 9.30am (EST); Chicago: 7.30am - 8.30am (CDT); Singapore/Hong Kong: 8.30pm - 9.30pm (SGT/HKT); Sydney:10.30pm - 11.30pm (AEST)

Please register here.

The UK Financial Conduct Authority (FCA) has now published its consultation on the implementation of the AIFMD remuneration provisions in the UK, giving greater detail on the steps that managers will need to take to comply. The publication of this extremely helpful and more detailed guidance is timely, given that the FCA has requested that applications for a variation of permission to be authorised as an AIFM be received by 22 January 2014 in order to ensure that authorisation can be given by 22 July 2014.

Our webinar will address the key points arising from the consultation and what they mean both for managers seeking authorisation in the UK and non EEA firms that will be marketing into the UK, including:

• Timing: The timeline for compliance – when must the new policy apply
• Proportionality: How the rules will apply to different types of manager
• Apportionment: Dealing with staff undertaking multiple roles
• Delegation: Applying the ESMA guidelines
• Instruments: Guidance on the alternatives to the use of fund units
• Partners: What constitutes remuneration, how deferral applies and tax issues
• Disclosure: Our views on how the requirements may apply to groups, for staff in multiple roles, and for non EEA managers, based on the FCA's approach
• Other issues including the interaction of the AIFMD remuneration rules with CRD IV and guidance on carried interest

Speakers:

Paul Ellerman, partner
Mark Ife, partner
Matthew Emms, senior associate
Bradley Richardson, senior associate

Please register here.

If you have queries about the webinars or the registration process please contact: Jane Webber; Webinar co-ordinator, London.