I’m reading the part of regulations and is quite confusing.
Basically the UCITS is the more “general” body of control for EU investment firms and the AIFMD is a more concrete body that regulate alternative investments in the EU. Am I right? If a firm is under AIFMD watch then it is also under the UCITs watch but not the other way around right?
well, you are partly right from what i understand. your first part is correct.
ucits is the more broad regulation, it regulates the investments in publicly traded securites and is a SET of regulations.
the aifmd is a european regulation which is a) in particular to adress issues arising from financial crisis 07/08 and b) is only for alternative investments.