How EU fund regimes compare

Author: IFLR Correspondent | Published: 22 Nov 2016


Liechtenstein is an EU onshore alternative for alternative investment fund managers (AIFMs) and alternative investment funds (AIFs) since October 1 2016 – and not only for Swiss asset managers. While Switzerland and the other 11 countries on Esma's list regarding the application of the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU AIFMs and non-EU AIFs (including Jersey, Guernsey and the United States) are still waiting for the final outcome of Esma's advice, dated July 19 2016, Liechtenstein is now in a position to offer the long-awaited EU market access. The country is a member of the European Economic Area (EEA) and has for a number of years successfully ensured its full integration into the more or less harmonised EU market for collective investment schemes (CIS).

And this is also true for AIFMD. On September 30 2016, the EEA Joint Committee, whose decisions result in the inclusion of new...