Spanish Presidency notes on AIFMD - follows work done by the Swedish Presidency
15 January 2010
The aim of this Presidency document is to contribute to the debate by describing and comparing the options and solutions put forward by both institutions (Council and the Parliament) in order to find some common ground on the defining features of the regulatory model sought for AIFM.
The Spanish Presidency believes that it could be useful at this moment in time to analyze the regulatory models embedded in both the Council’s and the Parliament’s drafts. The aim of this document is therefore to contribute to the debate by describing and comparing the options and solutions put forward by both institutions in order to find some common ground on the defining features of the regulatory model sought for AIFM. The topics listed below seem to have raised the most controversial viewpoints in relation to the basic structure of the Directive.
1. Scope.
2. Valuation.
3. Depositaries.
4. Remuneration policies.
5. Leverage.
6. Disclosure requirements for funds controlling listed and non listed companies.
7. Third country regime.
The Presidency would appreciate to know the delegations’ positions in relation to the different options and solutions put forward by both texts.
NA
