EVCA responds to ESMA consultation on AIFMD

16 February 2011

European private equity and venture capital industry has asked that implementation of the Alternative Investment Fund Managers Directive safeguards finance for Europe’s companies by observing the principles of fairness and proportionality and ensuring that rules are tailored to meet specific risks.

The recommendations were in response to a Call for Evidence from the new financial markets supervisory authority, the European Securities and Markets Authority (ESMA), ahead of the next stage of negotiations on AIFMD.

Uli Fricke, Chairwoman of EVCA, said:  “We strongly recommend a tailored approach to implementation that takes into consideration the activities of different types of investors.  Private equity and venture capital practitioners have been a constructive and engaged stakeholder group on the AIFM Directive process from the beginning. We look forward to continuing this engagement with ESMA and other relevant bodies, as we enter the next phase of the AIFM Directive’s legislative process.”

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