The Unbearable Lightness of AIFMD Premarketing Rules Nearly one year since the introduction of the Crossborder Distribution Directive and the dust seems to have finally settled around the new rules on AIFMD Premarketing. Or that is what it seems at least for European managers. The situation is different on the other side of the Atlantic,…
ESMA Consultation on UCITS Crossborder Management Notifications There is more than meets the eye in the ESMA consultation on UCITS crossborder management and marketing notification. Far from being exclusively confined to matters related to AIFs and UCITS crossborder marketing in Europe, the scope of the recentESMA consultation encompasses also AIFMs and UCITS management companies’ cross-border…
ELTIF II Regulation and the Retailisation of Private Markets As the European Council adopts its position on the ELTIF II regulation, many are still asking why there have been so few ELTIF launches since its inception in 2015? We are inclined to believe that the market was not yet ready for the proposition underpinning the…