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EU Commission’s draft AIFMD incites concern
03 April 2012
The Alternative Investment Management Association says the new draft text does not follow Esma’s advice
The Alternative Investment Management Association (Aima) has criticised several parts of the European Commission’s new draft text for the implementation of the Alternative Investment Fund Managers Directive (AIFMD).Andrew Baker, chief executive of Aima, said the association is “concerned” that the draft regulation does not follow the advice given by the European Securities and Markets Authority (Esma)....
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