Global hedge fund trade association AIMA has expressed its
concern about the European Commission's new draft text for the
implementation of the controversial Alternative Investment Fund
Managers Directive (AIFMD).
The EC has proposed the new text in response to advice
received on implementation of the directive by the recently
formed European Securities and Markets Authority (ESMA). It is
seeking to implement AIFMD swiftly through the format of a
"Regulation" - which enters effect more quickly than a
"Directive", which is transposed into national law and offers
member states greater flexibility in terms of
The Commission has...