Significant Changes To The Regulation Of The Closed-End Fund Industry
Mondaq Business Briefing › Germany Law Articles in English (2011)
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Significant Changes To The Regulation Of The Closed-End Fund Industry
The implementing provisions for the Alternative Investment Fund Managers Directive (AIFMD) are now about to be elaborated by the European Securities and Markets Authority (ESMA).
Due to the particular structure of the German fund market it will be of utmost importance for German fund managers that the provisions ensure a feasible and competitive framework. More than 80 percent of open-ended investment funds domiciled in Germany, with currently about 900 billion euros of assets under management, will fall under the new EU framework. The biggest impact...See the full content of this document
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