EUROPEAN UNION: European Securities and Markets Authority Delay Publishing Opinion and Advice on AIFMD Passport & Third-Country AIFMS

Thursday July 23 2015

The European Securities and Markets Authority (ESMA) has announced that it is still in the process of finalising its opinion and advice to the European Commission, Council and Parliament on Article 67 (1) of the Alternative Investment Fund Managers Directive (AIFMD) and intends to publish them during the week beginning 27 July rather than on 22 July as previously expected.

The opinion relates to the passporting of EU AIFMs and national private placement regimes and the advice relates to the passporting of non-EU AIFMs and AIFs into the European Union.

The European Commission, European Council and European Parliament has been informed of this delay.

Click on the link above for further details.