Last month, the European Parliament adopted the final text of the Directive amending (amongst others) the Alternative Investment Fund Managers Directive (the Amending Directive). This European Union law applies to the financial regulation of hedge funds, private equity funds and other alternative investment funds in the EU.
The stated objective of the Amending Directive is to establish uniform rules on the publication of national provisions concerning marketing requirements for collective investment undertakings in relation to their cross-border activities. The Amending Directive is required to be transposed into national law within two years of the entry into force of the Directive. Full implementation can therefore be expected to occur sometime in the summer of 2021.
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