Commision Releases Report on the Operation of AIFMD
Published 10 January 2019
On 10 January 2019, the European Commission has released a report on the impact of the Alternative Investment Fund Managers Directive (AIFMD). The report confirms that the AIFMD has significantly contributed to creating a market for alternative investment funds by establishing a harmonised regulatory and supervisory framework.
Most of the AIFMD provisions are assessed as having achieved their objectives. However, the report also identifies a number of areas which require further in-depthanalysis such as diverging interpretations of the rules by national competent authorities and overlaps in reporting requirements and with other EU disclosure rules.
Next steps: The report represents the first step in the AIFMD review process. Now, the European Commission will – as required by the AIFMD directive – continue its review of the AIFMD and prepare a report for the European Parliament and the European Council by early 2020.
See the report here.
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