As anticipated the European Commission made announcements on 29 April 2009 on three areas of reform, which it set out in its Communication to the European Council in early March. These reforms are part of the Commission's response to the financial crisis.
The three announcements cover:
- The proposed Alternative Investment Fund Managers Directive, which would require a diverse mix of fund managers (from hedge funds to commodity and real estate) to be authorised and subject to harmonised regulatory standards. Please click here to read our article on the Directive.
- The Commission's proposed legislation harmonising disclosure and selling rules for all retail packaged investment products. Please click here to read our article on the Commission's proposals.
- The Commission's Recommendation on remuneration in the financial services sector and proposed changes to the Capital Requirements Directive. Please click here to read our article on the Recommendation and the proposed changes to the Capital Requirements Directive
If you are interested in our seminar on 'Regulatory reform after G20 and the Turner Review', please click below on your preferred date for full details and registration.
This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 06/05/2009.
