Introduction Marketing offshore AIFs in Europe under AIFMD National Private Placement Regime (NPPR) is still very hot topic. Notwithstanding extensive discussions and ESMA opinions in the recent past around the possibility of extension of the passport to third country AIFMs and their AIFs, with ensuing phasing out of the local national rules on AIFMD NPPR,…
This Article on MiFID II Product Governance Rules Was Initially Published by The Hedge Fund Journal and Is Reproduced Here under Their Permission. The newly introduced MiFID II product governance requirements aim at ensuring that product manufacturers of financial instruments and structured deposits, as well as distributors, have at all times the best interest of the investors…
In this brief interview on Tip TV/Linear Talk we discuss some of the implications of Brexit on the fund management industry, with a focus on EU equivalence assessment of third countries under both AIFMD and MiFID II. Even though the notification under article 50 of the Lisbon Treaty has been kicked in, it is…
All You Need to Know about the Capital Markets Union Staying on top of the recent developments of the Capital Markets Union and the implications on Cross-border Fund Distribution is indeed time consuming task. This post summarises the key points of the Action Plan of the European Commission on building a Capital Markets Union and the…
The European Fund and Asset Management Association (EFAMA) recently released a response paper to the consultation of the European Commission on the mid-term review of Capital Markets Union (CMU). In this paper, EFAMA touches upon the concepts of Digital Single Market, Fund Distribution, Digital Passport. For any of you who may have missed it, the Capital…
Two main events were scheduled for 2017 with regards to the Alternative Investment Fund Manager Directive (AIFMD). One was the first review of the AIFMD and the other the long awaited AIFMD passport extension to third country Alternative Investment Fund Managers (AIFMs). None of these seem to have been occurred yet at this point in time…