ESMA details future rules for alternative investment fund managers
Wed Nov 16, 2011
The European Securities and Markets Authority has published
the detailed level-two implementing measures for the
Alternative Investment Fund Managers Directive.
The rules proposed by ESMA will establish a comprehensive
framework for alternative investment funds, their managers and
depositaries. The European Commission will now prepare the
implementing measures on the basis of the advice issued by
ESMA’s advice covers four broad areas: general
provisions for managers’ authorisation and
operating conditions; governance of alternative investment
funds’ depositaries; transparency
ISSN: 2151-1845 / CDC10004H
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