Issue
Promote the importance of National Private Placement Regimes and avoid overly prescriptive rules on remuneration and fee structure in the context of the AIFMD Review

MFA strongly supports existing provisions in the the Alternative Investment Fund Managers Directive (AIFMD) for National Private Placement Regimes (NPPRs). The NPPRs permitted by AIFMD provide helpful investing options for Europe’s diverse capital markets participants including pension funds and other institutions. MFA recommends that a broader range of EU Member States draw inspiration from those jurisdictions with well- functioning NPPRs.