Abbey Capital authorised under AIFMD
Abbey Capital has been authorised as an Alternative Investment Fund Manager (AIFM) under the Alternative Investment Fund Management Directive (AIFMD) by the Central Bank of Ireland.
The AIFMD is a regulatory framework initiated by the European Commission to supervise AIFMs.
The purpose of the AIFMD is to better regulate investment practices, increase transparency in operations and reporting in order to protect investors.
Tony Gannon, Abbey Capital’s CEO, says: “Abbey Capital is pleased that our consistency of investment approach and risk management has ensured the stringent criteria for authorisation set out by the AIFMD were met by Abbey Capital. We feel the company’s authorisation as an AIFM is confirmation of the high standard of risk management and transparency Abbey Capital has strived to achieve and maintain since 2000.”
In moving to regulation under AIFMD, Abbey Capital has ceased to be authorised under the Markets in Financial Instruments Directive (MiFID).