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The UK regulation on alternative investment fund managers: a difficult compromise between two different legislative approaches

Author

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  • Rodrigo Olivares-Caminal

    (Queen Mary University of London)

  • Marco Bodellini

    (Queen Mary University of London)

Abstract

The transposition of the AIFMD in the domestic systems of the EU Member States has changed significantly the legal framework of reference for alternative investment fund managers. In transposing the Directive, however, the UK Legislature and Regulator succeeded in maintaining in the internal regulation some elements that could be able to attract financial players and investors from other jurisdictions. The article analyses these peculiarities and argues that due to them the UK financial sector could continue to develop in the future despite some new additional burdensome requirements. Brexit creates an even more challenging playing field that the UK will have to take into consideration.

Suggested Citation

  • Rodrigo Olivares-Caminal & Marco Bodellini, 2018. "The UK regulation on alternative investment fund managers: a difficult compromise between two different legislative approaches," Journal of Banking Regulation, Palgrave Macmillan, vol. 19(1), pages 73-85, January.
    • Handle: RePEc:pal:jbkreg:v:19:y:2018:i:1:d:10.1057_s41261-017-0052-1
    DOI: 10.1057/s41261-017-0052-1
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    References listed on IDEAS

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    1. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    2. Moloney, Niamh, 2011. "The European Securities and Markets Authority and institutional design for the EU financial market – a tale of two competences: Part (2) rules in action," LSE Research Online Documents on Economics 37168, London School of Economics and Political Science, LSE Library.
    3. Jim Buller & Nicole Lindstrom, 2013. "Hedging its Bets: The UK and the Politics of European Financial Services Regulation," New Political Economy, Taylor & Francis Journals, vol. 18(3), pages 391-409, June.
    4. Barbara Sennholz-Weinhardt, 2014. "Regulatory competition as a social fact: Constructing and contesting the threat of hedge fund managers' relocation from Britain," Review of International Political Economy, Taylor & Francis Journals, vol. 21(6), pages 1240-1274, December.
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