The chaos around the Swiss Franc may be a sign of a coming crisis in the European Union. For private fund managers, a different crisis may be the new European regulatory regimes for private funds. With all of the flux in the United States over the regulation of private funds, it’s been easy to forget [...]
The EU Directive On Alternative Fund Managers Is in Effect
on September 7, 2011 in Private Investment Funds
Europe’s New Directive on Alternative Investment Fund Management
on November 15, 2010 in Compliance Programs
The European Parliament has approved the Directive on Alternative Investment Fund Managers. European countries will now be setting up a framework for regulating hedge funds and private equity funds. The AIRM Directive passed with 513 votes to 92 with 3 abstentions on November 10. Under the Directive, an “alternative investment fund” is any collective investment [...]
Europe’s Approach to Derivatives Regulation
on September 15, 2010 in Private Investment Funds
With this summer’s passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, it’s Europe’s turn to address financial regulation. This morning, the European Commission released its Proposal for Regulation on OTC Derivatives, central counterparties and trade repositories. The proposal seems to look a lot like the Dodd-Frank’s approach by creating a central trade [...]
Privacy on Both Sides of the Atlantic
on October 19, 2009 in Privacy
Here is the United States we are mostly talking about financial information and medical information when it comes to privacy and data security. The state data privacy laws focus on social security numbers and financial account information. HIPPA created a federal regulatory regime for medical information. Europe has been focused less on financial information and [...]
Update on the European Directive to Regulate Alternative Investment Fund Managers
on October 6, 2009 in Private Investment Funds
The draft Directive on Alternative Investment Fund Managers was published on April 30, 2009. The Proposed Directive has been subject to lots of criticism. Many of the provisions in the Proposed Directive misunderstood the characteristics of different types of alternative investment funds. It now seems the Proposed Directive will be implemented in one form or [...]
AIMA Warns of Global Impact of EU AIFM Directive
on August 17, 2009 in Private Investment Funds
The Alternative Investment Management Association has warned that the European Commission’s draft directive on Alternative Investment Fund Managers would negatively affect fund managers and investors around the world if enacted into European law. The Directive applies primarily to any Alternative Investment Fund Managers which is established in an EU Member State and which provides management [...]
EU Proposes Directive on Alternative Investment Fund Managers
on June 18, 2009 in Private Investment Funds
The European Commission published a draft Directive on Alternative Investment Fund Managers to establish a common regulatory and supervisory framework for all investment managers of funds promoted to investors in the European Union and not currently subject to European level regulation. Though the measure is directed at the hedge fund industry, the Directive would affect [...]
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