Another Milestone For The AIFMD

Law360, New York (December 13, 2011, 2:43 PM EST) -- The Alternative Investment Fund Managers Directive (AIFMD) was published on June 8, 2011. It introduces a Europe-wide regime aimed at regulating the activities of those who manage and market alternative investment funds, such as private equity funds. The AIFMD has been in the public domain for over a year and its immediate impact has yet to be felt.

However, on Nov. 16, the European Securities and Markets Authority (ESMA) took the first legislative step toward the implementation of the AIFMD by presenting its technical advice on...
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