Barnier on the AIFM Directive: "A good compromise has been reached"
20 October 2010
Barnier highlighted that, on the very sensitive question of the third country passport, the agreement foresees a passport based on merit, founded on a solid basis and providing strong controls in terms of risk management.
He also stated that the negotiations were long and sometimes difficult. The essential elements of the initial Commission proposal have been preserved: the broad scope, robust rules, increased transparency, and better protection for the investor. If this agreement is confirmed by the Parliament, it will be the foundation for the efficient and intelligent regulation of alternative investment fund managers.
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