On June 10, the Chair of the European Securities Markets Authority (ESMA) gave a speech on systemic risks and current policies in the EU fund industry, which considers whether asset managers can be too big to fail.
Among other topics, the speech outlined ESMA's priorities on the Alternative Investment Fund Managers Directive (AIFMD), bearing in mind that the transitional period for full implementation comes to an end in July 2014. ESMA is looking to develop its existing Q&A document, and invites comments on any further topics stakeholders would like to see included in it. Speech.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.