Pars Purewal, James Greig,
A delay to AIFMD’s legislative progress should not be seen as a reason to delay preparations for its impact – industry needs to take action now.
In this edition of AIFMD News we discuss the latest developments and consider what clients should be doing to prepare for the Directive’s implementation.
The European Commission (EC) has pushed back the response date for the advice from the European Securities and Markets Authority (ESMA) to November 2011. In addition, Switzerland’s Federal Council has urged legislators and regulators to begin preparing for AIFMD.
These two recent announcements are timely reminders that the AIFMD continues its legislative progress. Alternative asset managers and service providers now need to be analysing its impact on their businesses and start preparing for implementation as they plan for the next few years.