On 21 July 2011, FSA published a speech by Sheila Nicoll.  She strongly urges firms to provide "thoughtful and constructive input" to the July 2011 ESMA consultation on implementing measures for the AIFM Directive (AIFMD Consultation) and notes the deadline for comments is 13 September 2011. She highlighted the following as important issues in the AIFMD Consultation:

  • depositories;
  • leverage;
  • transparency;
  • risk management;
  • scope;
  • valuation;
  • capital; and
  • third-country aspects.

(Source: Speech by Sheila Nicoll on ESMA’s Draft Technical Advice on AIFMD)