ESMA Advice on Extending the AIFMD Passport to Non-EU Countries
ESMA sees no significant obstacles to extending the AIFMD passport to nine key countries.
The European Securities and Markets Authority (ESMA) has published advice to the European Commission, the European Parliament, and the European Council in relation to the application of the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU alternative investment fund managers (AIFMs) and alternative investment funds (AIFs) in 12 countries. This advice follows ESMA’s earlier advice published on 30 June 2015 on the application of the AIFMD passport to non-EU countries.
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William J. Yonge – Morgan, Lewis & Bockius UK LLP