You are here:
21 November 2019 / news

AFM publishes new best practices on AIFMD compliance

On 18 November 2019 the Dutch Financial Markets Authority (Autoriteit Financiële Markten, AFM) has published its improved best practices (the Best Practices) in respect of the compliance with Directive 2011/61/EU (AIFMD) for licensed managers.

De Best Practices are the next step following the research report published in January 2018 on the compliance of the AIFMD by managers of alternative investment funds which obtained their AIFMD license by operation of law with the AIFMD.

The Best Practies set out – on the basis of the “comply or explain-principle” – the guidance of the AFM on among others (i) the application of the proportionality principle, (ii) the composition of the board, (iii) the internal supervision on the board, (iv) the structuring of the co-determination (medezeggenschap) within the manager, and (v) the consent (in advance) in respect of sub-delegation.

The new Best Practices may be accessed via the following link (in Dutch only).



Acquisition of shares by fund manager subject to RETT

The acquisition of shares in a real estate company by a fund manager is taxed with real estate transfer tax. read more

Financial Regulatory News Updates - March 2021

The Financial Regulatory News Updates: an overview in which our Banking and Finance Practice Group highlights. read more

Debt capital markets in Luxembourg

Get an overview of the 2021 capital market trends and possibilities in Luxembourg. read more