01.22.2016

EU Unlikely to Extend Fund Passport in 2016

01.22.2016
Shanny Basar
It is unlikely that alternative asset managers from outside Europe will be able to market funds in the region under a single passport this year, according to Sean Tuffy, head of regulatory intelligence at Brown Brothers Harriman in Dublin.
The Alternative Investment Fund Managers Directive Passport was meant to extended to non-EU managers and funds by July last year. Without the AIFMD passport, fund managers have to get separate regulatory approval for distribution in each EU member state.

Celebrating women shaping European finance
European Women in Finance Awards deadline is Aug 23
#WomeninFinance #Finance #WIF
Nominate here: https://www.jotform.com/form/250276204100339

As Cboe Data Vantage scales globally, Adam Inzirillo discusses our APAC expansion, plans to launch dedicated cores in Canada and preparation for 24×5 U.S. equities trading, pending regulatory approval – full story in @marketsmedia: https://bit.ly/4kQx3mC

Load More

Related articles

  1. CME’s Duffy: October Vol May Signal Breakout

    Changes in delegation could lead to increased costs for investors and retaliation from other domiciles.

  2. EU funds routinely delegate portfolio management to hubs including New York, Tokyo and Hong Kong.

  3. Esma Holds Firm on Double-Sided Reporting

    The regulator recommended changes in 19 areas including harmonizing the AIFMD and UCITS regimes.

  4. Trading Europe From ‘Across the Pond’

    Most funds are managed cross-border using passporting rights.

  5. AIFMD Data Reporting Goes Abroad

    KPMG is researching how the alternative fund regulation has worked in practice.