ECON committee postponed vote on AIFMD – now on 17 May
10 May 2010
AIFMD has excited much discussion and MEPs have tabled 3000 amendments. The vote postponement is due to a clash of competences between the JURI committee which is in charge of giving opinion on the legal aspects of the directive, and the ECON committee.
The Economic and Monetary Affairs Committee has postponed its vote on the Alternative Investment Fund Managers Directive, so more consideration can be given to the opinion of the Legal Affairs Committee. The vote is now scheduled for next Monday, 17 May 2010.
Possibly the most contentious proposal is on Alternative Investment Fund Managers (AIFM), including hedge funds, private equity funds and real estate funds. They will have to register in their member state, prove they have competent managers and structure, submit to audits and meet minimum capital requirements. The vote on AIFM was postponed.
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