Alert October 26, 2010

Additional Developments in EU Alternative Investment Fund Managers Directive and Financial Markets Regulation Have Implications for Non-EU Managers and Funds

The EU’s Alternative Investment Fund Managers Directive (the “AIFMD”), which includes elements that would significantly affect non-EU funds and managers that want to market to investors in the EU, continues to make its way through the process.  For commentary and analysis from SJ Berwin LLP on (a) a revised compromise proposal for the AIFMD that was recently accepted at a meeting of the Economic and Financial Affairs Council and (b) the powers of the European Securities and Markets Authority, the new European super-regulator, relative to non-EU funds and managers, click here.