Glossary on the alternative investment fund managers directive 


This glossary is intended to assist in the understanding of the underlying terms which are central to the alternative investment fund managers (AIFM) directive. At the same time it also attempts to place the terms within the context of the current financial environment and policy debates on regulating the financial sector.

No official, legal or linguistic value attaches to the definitions and explanations contained in this text, which serves only as an aid for journalists seeking to become familiar with some of the terms used in the discussion surrounding the directive.  More technical and legally valid definitions are to be found in the text of the directive itself.