Compromised Compliance Buyside Valuation Controls Scrutinized

It has been almost two years since the transitional period for AIFMD expired in Europe and the majority of AIF managers now consider themselves to have addressed the Directive’s requirements. However, as evidenced by regulator-imposed penalties in France, a number of managers have failed to implement adequate valuation controls.

Managing Director Ryan McNelley and Director Hannah Rossiter are quoted in an article written for Structured Credit Investor (SCI)'s PriceABS Insights which looks at what implications the regulatory action in France may have for the wider AIF community. The article addresses the following questions:

• How widespread is non-compliance with the AIFMD?
• What are the implications for investors?
• What steps might investors take to spot non-compliant managers?

Subscribers to SCI can read the full article here.