Regulatory Alerts2024-10-31
AFM Market Overview AIFM-light Managers
The Dutch Authority for the Financial Markets (AFM) published a market overview analyzing the rapid growth of AIFM-light managers, who are exempt from full licensing, noting a 50% increase in their population between 2019 and 2023. The report highlights that these managers predominantly handle private equity assets, operate with significantly lower assets under management than licensed counterparts, and rely heavily on retail and foreign investors. Furthermore, the Netherlands hosts the largest number of such managers in the EU, with a regulatory framework that is notably more accessible to retail investors compared to other member states.
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