News AIFMD – new act that covers managers of alternative investment funds

May 23, 2013

The new Swedish Alternative Investment Fund Managers Act will enter into force on 22 July 2013. Vinge has a long tradition of working with private equity and property funds and we offer seminars as well as individual meetings focusing on the new Act.

The Alternative Investment Fund Manager Directive (AIFMD)
The legislation is based on the EU’s Alternative Investment Fund Manager Directive (AIFMD) and covers all managers of investment funds other than UCITS funds (Undertakings for Collective Investment in Transferable Securities), mainly hedge funds, private equity and real estate. 

In order for a fund to be covered by the new rules, the value thereof must exceed MEUR 500 or, if leveraged, MEUR 100. All fund managers above those thresholds will need to apply for authorisation from the Swedish FSA. The new legislation poses many challenges for those affected thereby. 

How can Vinge help?
Vinge has closely monitored the progress of the AIFM Directive since 2009 and has a specialist working group in Stockholm consisting of specialist within Private Equity, Regulatory and Employment & Benefits. Please feel free to contact any of us for more information:

Michael Wigge, Private Equity, +46 (0)10 614 30 56, michael.wigge@vinge.se
Johan Steen, Private Equity, +46 (0)10 614 31 98, johan.steen@vinge.se
Ulrica Åkesson, Regulatory, +46 (0)10 614 30 03, ulrica.akesson@vinge.se 
Åsa Gotthardsson, Employment & Benefits, +46 (0)10 614 30 24, asa.gotthardsson@vinge.se

Seminar 13 June in Stockholm
If you are interested in attending a seminar regarding AIFMD on 13 June 2013, please contact us on VingeSeminars@vinge.se

For more information regarding the AIFMD please click here (pdf).

Clarification of the interpretation of ”nearest suitable railway station”

Road transport performed by Samskip Sia in Sweden has been confirmed to be within the framework of a permitted combined transport through a decision of the Administrative court of Falun in Sweden. The central question in the case was how to interpret the term “nearest suitable railway station”
June 30, 2020

DAC 6 – EU Directive concerning reportable cross‑border tax arrangements

DAC 6 is a EU Directive which entails that advisers are subject to a duty to notify the relevant tax authorities concerning their client’s cross‑border arrangements. The purpose of the information disclosure obligation is to combat tax evasion, tax fraud and tax avoidance.
June 04, 2020

The importance of continuous focus on compliance procedures in disrupting times

A large number of corporations will most certainly be severely impacted by the effects of the Covid-19 pandemic. The new challenges will impact companies’ compliance risks, which are likely to be different and, to a certain extent, increased. It is crucial that - also in disrupting times - internal compliance procedures are maintained and that new risks are identified and mitigated.
May 28, 2020