Euroclear has reminded its members that FCA has recommended all applications for registration under the AIFMD be made by January 2014, to allow it six months to make decisions before the transitional period for implementation runs out in late July 2014. Euroclear also notes that both large and small outsourcing providers will be seeking work from funds needing to appoint depositaries to comply with the AIFMD. (Source: Euroclear Comments on FCA AIFMD Deadlines)