AIMA’s response to Treasury’s consultation on implementation of the Alternative Investment Fund Managers Directive (AIFMD) welcomes most of Treasury’s proposals. It comments that certain definitions, specifically those of Alternative Investment Fund Manager (AIFM) and of “managing an AIF”, need amendment and asks for clarification on a number of other key concepts. It also has concerns regarding the marketing provisions and the intention of the AIFMD, which it is not sure is properly reflected in Treasury’s proposals. On depositaries, it urges the UK to permit a European Economic Area (EEA) manager of a non-EEA fund to appoint more than one entity to carry out various specific duties. (Source: AIMA Comments on AIFMD Implementation)