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EC`s draft Directive on Alternative Investment Fund Managers – European Commission proposes EU framework, EC directive proposes imposing `demanding regulatory standards` on all funds of more than Eur100m, Reactions from AIMA, HFSB, MFA, IMA, AIMA SA
Thursday, April 30, 2009

European Commission proposes EU framework (29-Apr-09)The European Commission has proposed a Directive on Alternative Investment Fund Managers (AIFM). The proposed Directive is an important part of the European Commission's response to the financial crisis, as set out in the Communication on Driving European Recovery.

It aims to create a comprehensive and effective regulatory and supervisory framework for AIFM in the European Union. AIFM, which include the managers of hedge funds and private equity funds, managed around €2 trillion in assets at the end of 2008. This is the first attempt in any jurisdiction to create a comprehensive framework for the direct regulation and supervision in the alternative fund industry. The proposal now passes to the European Parliament and Council for consideration… full press release: Source

EC directive proposes imposing `demanding regulatory standards` on all funds of more than Eur100m From Telegraph.co.uk: … The directive, which will horrify managers in London where over 80pc of the alternatives industry is based, proposes imposing “demanding regulatory standards” on all funds over the value of €100m (£89m). The directive says “hedge funds, private equity funds, commodity funds, real estate funds and infrastructure funds, among others, all fall within this category”........................

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