PwC alternatives alert, March 25, 2010

Alternative Investment Management Directive News now available

PwC believes that the Alternative Investment Management Directive (AIFMD) is and remains potentially the single most important regulatory event to happen to those involved in the European alternatives industry.

In recognition of the importance of the alternative asset management sector we have created a dedicated AIFMD Working Group, enabling an in-depth technical analysis of the AIFMD and the process around it.

In this edition of AIFMD News we look at the most controversial aspects of the discussions in the Council of Ministers, including the Spanish Presidency compromise position on third countries which caused the directive to be removed from the agenda of the EcoFin Council on March 16. We draw comparisons between the Council position and the evolving views in the European Parliament's Economic and Monetary Affairs Committee (ECON) as discussed during the second exchange of views in the Committee on March 17. For additional information, please contact your PwC engagement team or any of the partners in our practice.