AIMA is supportive of the overall objectives of the proposals although it is suggesting some amendments to further develop EU’s capital market union:
-
the pre-marketing definition should be broadened in order to allow AIFMs to test investors’ interests regarding established AIFs and in order to be coherent with the current definition of “marketing” under AIFMD;
-
references to investors thresholds in the process of de-notification is not relevant and should be deleted due to the complexity of identifying end investors;
-
ESMA’s central database of information should be constantly up-to-date and
-
the physical ban on local entities should be extended to all third party entities (such as third party agents).
This file is now discussed at the level of the Council of Member States in Brussels and we will be closely monitoring and engaging with policy makers.
Full news
Position paper on AIMA (subscription required)
© AIMA - Alternative Investment Management Association
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article