UK property funds wary about draft EU directive
UK property funds wary about draft EU directive
- 2010
- EuroProperty 7 June 2010, 8-9(2) .
The European Parliament has adopted a position on the controversial Alternative Investment Fund Managers Directive, draft legislation requiring non-EU alternative investment fund managers to comply with EU rules if they wish to operate in Europe. The UK, the hub of the industry in the EU, has been the main opponent of further regulation. Significant inter-institutional differences will have to be resolved for the directive to come into force in mid-2012.
ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE
Europe
The European Parliament has adopted a position on the controversial Alternative Investment Fund Managers Directive, draft legislation requiring non-EU alternative investment fund managers to comply with EU rules if they wish to operate in Europe. The UK, the hub of the industry in the EU, has been the main opponent of further regulation. Significant inter-institutional differences will have to be resolved for the directive to come into force in mid-2012.
ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE
Europe