The European Commission’s proposed Directive on Alternative Investment Fund Managers (the “Proposed Directive”) continues to be fiercely debated across Europe. The Proposed Directive, which is currently the subject of high-level political negotiation, contemplates changes in regulation that would have significant implications for both EU and non-EU managers of all types of alternative fund. This memorandum highlights the latest developments as the Proposed Directive makes its way through the European legislative process.
Click here to view the full memo, Update on the European Directive to Regulate Alternative Investment Fund Managers