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By Catherine POGORZELSKI, Partner and co-Head, Investment Management and Funds Axelle FEREY, Chief Operating Officer, DLA Piper Luxembourg
Following its review of the scope and functioning of the Alternative Investment Funds Manager Directive(1) (AIFMD), the European Commission (the Commission) has concluded that the AIFMD’s standards for ensuring high levels of investor protection are mostly effective, but that amendments are required which are intended to be targeted in scope. Towards the end of November 2021, the Commission published new legislative amendments to AIFMD, the UCITS Directive(2) (UCITSD) and the ELTIF Regulation(3) (ELTIF Regulation) (the Commission Proposals).
Several commentators stressed that the amendments proposed...
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