Alternative Investment Fund Managers Directive - the latest developments

On 29 April 2009 the European Commission issued its draft proposal for a Directive on Alternative Investment Fund Managers. The Directive has been subject to considerable public debate. It will significantly impact the business of most fund managers and those investing in or dealing with funds. The EU Parliamant and EU Council have each recently issued their latest position on the Directive.

What are the key issues addressed by the Directive? Wragge & Co's funds experts have prepared an update on the current proposals in the Directive, and outlined what can be expected in the next steps of the legislative process.