Michael Sakala, Senior Manager in EY’s Global Financial Services Advisory practice, will speak on the impact and timelines of the EU’s Alternative Investment Fund Managers Directive (AIFMD) at the February 3, 2014 Seminar being hosted by BFSB. He will focus, too, on what managers should be doing now.

The Securities Commission of The Bahamas (SCB) also will be presenting at the half-day seminar programme, discussing the information sharing provisions of the Directive and examining how select Regulators from other international financial centres are addressing it.

The event is being co-hosted by the Ministry of Financial Services and the SCB, along with corporate sponsor EY.

Mr. Sakala has over 20 years of work experience in the asset management industry and has comprehensive knowledge of financial services. He has developed and implemented compliance programs and documents, including: Form ADV, Compliance Manual, Code of Ethics, and annual review. In addition, he has extensive experience in developing, reengineering, and overseeing financial operations of large and mid-sized global asset management firms.