ITALY: Italian Delegated Act implementing the AIFMD is published

Wednesday April 2 2014

Legislative Decree no. 44 of 4 March 2014, implementing the Alternative Investment Fund Managers Directive (AIFMD) has been published in the Italian Official Gazette, amending, amongst other things, Legislative Decree no. 58/1998 (the Italian Financial Act). The Legislative Decree includes a transitional regime relating to the managing and marketing of Italian or foreign AIFs.

The Legislative Decree enters into force on 9 April 2014. The Commissione Nazionale per le Società e la Borsa (CONSOB), the Bank of Italy and the Treasury are expected to publish the relevant second-level provisions detailing the framework introduced by the Legislative Decree.

Click on the above link for more details.