ESMA reveals third-country rules under AIFM directive

08/24/2011 | Global Financial Strategy

The European Securities and Markets Authority unveiled supervisory standards for third-country alternative investment funds. The requirements, part of the Directive on Alternative Investment Fund Managers, aim to ensure supervisory arrangements "work smoothly", said ESMA Chairman Steve Maijoor. "The third-country and supervisory-cooperation aspects of the [directive] are a key element in the overall framework," he said.

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