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EU "to look at" ‘letter-box entity’ concerns

02 May 2012


The European Commission will consider the industry’s outrage over ‘letter-box entities’ in the AIFM directive, says a source

Read more: European Commission AIFM directive AIMA

The European Commission has promised to look at concerns over the definition of ‘letter-box entities’ in the new draft proposals for the Alternative Investment Fund Managers (AIFM) directive, according to a source close to European Parliament.

Global Investor/ISF revealed last week that the Commission had told members of European Parliament (MEPs) that it...