Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

3353

Aima welcomes appointment of AIFM directive’s rapporteur

RELATED TOPICS​

The Alternative Investment Management Association has welcomed the appointments of the rapporteur and shadow rapporteurs for the European Commission’s Alternative Investment Fund Manage

The Alternative Investment Management Association has welcomed the appointments of the rapporteur and shadow rapporteurs for the European Commission’s Alternative Investment Fund Managers directive.

Jean-Paul Gauzès (pictured), the European People’s Party’s representative for North Western France, has been appointed as the AIFM directive’s rapporteur and will guide the directive through the European Parliament.

Wolf Klinz (ALDE), Syed Kamall (ECR) and Pascal Canfin (Greens) have been appointed as shadow rapporteurs. The final shadow rapporteur for the S&D will be appointed next week.

Aima is campaigning for the draft directive in its current form to be substantially revised. The association welcomes the parts of the directive which relate to the G20 process, such as the reporting of systemically relevant data by managers to their national supervisors and the registration and authorisation of managers. But Aima has argued that there are other elements of the directive – such as those relating to leverage, depositaries and marketing – which have been poorly drafted and which will have many unintended and potentially damaging consequences.

Florence Lombard, Aima’s executive director, says: ‘We look forward to working with Europe’s parliamentarians on the directive. We hope that it will be possible to secure appropriate EU-level regulation of the alternative investment management industry in Europe and effective structures for the reporting of systemically relevant data in the broader interests of financial stability, while at the same time ensuring that Europe’s competitiveness in financial services and as a destination for international investment is not compromised. Nor should this lead to negative consequences in terms of pensions, savings, commercial real estate and jobs for the economies of the Union’s member states.’

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by