This note is to provide an update on the draft Alternative Investment Fund Managers Directive ("AIFMD") about the key areas of agreement and disagreement between the various parties debating the directive, and then recommends what managers can do to prepare for the time when a final draft emerges.
We consider the European Parliament's ECON (Committee on Economic and Monetary Affairs) Rapporteur's draft report, published on 25 November 2009, (the "Parliamentary Draft") and the supplemental re-draft of the Council's compromise position (the "Swedish Compromise"), the final version of which was issued on 15 December 2009.
|Oct 2011||Continuing engagement remains crucial|
|Mar 2011||The lull before the storm|
|Jun 2010||Drawing the battle lines|
|Jun 2010||A Directive in flux - Gauzes says a solution and compromise can be achieved|
|Mar 2010||Time for a second reading?|
|Jan 2010||A Directive in flux - the confusion persists|
|Sep 2009||The draft AIFM Directive|