Late AIFMD applications 'may face less scrutiny' by FCA
With a considerable backlog of applications, the FCA may be less strict when it comes to authorising fund managers under AIFMD in order to meet today's deadline, one expert says
Fund managers looking to be authorised in time for today's alternative investment fund managers directive (AIFMD) deadline may find their applications facing less scrutiny than authorisations that have already been processed, one expert in the matter says.
At the time of publication, the UK Financial Conduct Authority (FCA) is still reported to have 474 applications for authorisation or registration outstanding. Of these, 398 are being processed by case officers and 76 are ready for imminent
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