The European Commission has published its report on the operation of the Alternative Investment Fund Managers Directive (EU/2011/61) (“AIFMD”) and is expected to issue a consultation on proposed amendments to the AIFMD in Q3 2020. Is AIFMD II on the way?
Under Article 69 of the AIFMD the European Commission (“Commission”) is required to review the scope and application of the AIFMD to establish its impact on investors, AIFs and both EU and non-EU AIFMs, and to determine the extent to which the AIFMD’s objectives have been achieved. The Commission is also mandated to propose legislative amendments on foot of this review.
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