Politics & Regulation

AIMA voices concern over new EC text for AIFM directive

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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 implementation.

The Commission has given