Sign up for free newsletter

 

Ronald Paterson (pictured), partner at international law firm Eversheds, comments on the latest stage of the countdown to the Alternative Investment Fund Management (AIFM) directive.

British diplomats have this week begun the final stage in attempting to secure concessions to the Alternative Investment Fund Management (AIFM) directive, which critics warn could drive London-based hedge funds and private equity firms out of business.
 
To achieve a blocking minority in the Council where voting is on a qualified majority basis and each Member State's vote is weighted in proportion to its population, the UK needs support from at least three other large countries or quite a few more smaller ones.
 
Furthermore, in certain key areas, there are still Member States which are pressing for the Directive to be tightened up. So it is clear that the UK will not get its way on all the outstanding issues but there still seems to be a drive to finalise the Directive by June or July and that creates an opportunity for the UK to extract concessions.


Subscribe to free daily newsletter
MediaWatch WA awards 2015

See interviews and presentation at the Wealth Adviser 2015 awards ceremony, held at Sketch, Mayfair on the 15th May .... »

latestjobs
Corporate Sales / Structuring – Chicago

Thu, 28 May 2015 00:00:00 GMT

Senior Data Scientist - Quantitative Solutions

Thu, 28 May 2015 00:00:00 GMT

Senior/Lead Software Development -Bank/Hedge Funds

Thu, 28 May 2015 00:00:00 GMT

events
3 days 5 hours from now - Dubai
4 days 5 hours from now - Chicago
4 days 5 hours from now - Boston
specialreports