The European Securities and Market Authority’s 500 pages of technical advice to the European Commission on Level 2 measures implementing the Alternative Investment Fund Managers Directive have helped to bring greater certainty to the global fund industry on what it can expect in July 2013 and thereafter. Nevertheless,…
Blog: AIFM Directive |
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Esma finalises advice to European Commission on AIFMD Level 2 measures
The European Securities and Markets Authority has published on November 16 its final advice to the European Commission on the detailed rules underlying and implementing the Alternative Investment Fund Managers Directive. The Commission is expected to issue the rules in the form of subsidiary legislation and regulation…
Adapting the SIF law for the AIFM Directive era
Four and a half years after Luxembourg introduced the law creating the Specialist Investment Fund regime for alternative vehicles, the grand duchy’s government has drafted legislation amending the SIF rules. The new legislation, which was placed before the Chamber of Deputies (Parliament) on August 12 and which is expected…
Esma issues proposals on treatment of third country entities under AIFMD
The European Securities and Markets Authority (Esma) has published a consultation paper on August 23 setting out its proposals for the detailed Level 2 rules on supervision and third-country entities underlying the Alternative Investment Fund Managers Directive. According to Esma, the proposed rules have been drafted to…
Esma’s consultation paper of July 13, 2011 on AIFM Directive proposals
The European Securities and Markets Authority has issued a consultation paper setting out draft technical advice to the European Commission on the detailed Level 2 rules that will underlie the Alternative Investment Fund Managers Directive. Esma is asking for feedback from industry members by September 13, allowing it…
AIFM Directive to come into force on July 21
The European Union’s Directive on Alternative Investment Fund Managers will come into force on July 21 following its publication in the Official Journal of the European Union on July 1. The directive received formal approval by the EU Council at a meeting of transport, telecommunications and energy ministers on May 27.…
AIFM Directive set to come into force following approval by EU Council
The European Union’s Directive on Alternative Investment Fund Managers is set to come into force next month following formal approval by the EU Council at a meeting of transport, telecommunications and energy ministers on May 27, 2011. The finalisation of the legislation has taken at least three months longer than originally…
Use of Luxembourg management companies to access the AIFMD passport
The European Union’s Directive on Alternative Investment Fund Managers is expected to be formally adopted in the coming weeks and to take effect from around June 2013. The directive will have extensive implications for managers based outside the EU. They will not be able to benefit from the directive’s passporting…
Esma seeks market views on AIFM Directive implementation
The European Securities and Markets Authority has issued a discussion paper on its proposed approach to implementing measures of the European Union’s Alternative Investment Fund Managers Directive. Esma is soliciting views from market participants on the policy options it is proposing to recommend to the European Commission,…
AIFM Directive set for delay until June
The European Union’s Directive on Alternative Investment Fund Managers is now unlikely to enter into force before June, according to Jonathan Faull, director general of the Directorate General for Internal Market and Services at the European Commission. In a letter to Carlos Tavares, acting chairman of the newly-established…
About this blog
This blog aims to provide up to date news coverage and timely analysis of the legislative process and issues raised by the European union’s Directive on Alternative Investment Fund Managers. Bookmark this page to find regular updates on the directive’s progress, analysis of its implications for the global alternative fund industry and the full text of key drafts of the directive, as well as to give your views on topics related to the directive.
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Olivier Sciales
- Partner - Luxembourg
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