The Alternative Investment Fund Managers Directive (2011/61/EU, the “AIFMD”) has been implemented into Finnish law as of 15 March 2014. The Finnish implementing legislation addresses, inter alia, the regulation of fund management activities offered by alternative investment fund managers on a cross-border basis from EEA and non-EEA countries into Finland and entails material amendments to the private placement regime. Following enactment, alternative investment fund managers must take steps to comply with the AIFMD and the implementing legislation before the expiry of the transitional period on 22 July 2014. Depending on the activities of the alternative investment fund managers, certain measures will need to be taken already within one month from the implementation date.
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