Council of the EU Sets Out its Position PDF | 0.63 MB
The Council of the EU (“Council”) has published its General Approach on the European Commission’s (“Commission”) proposals to amend the Alternative Investment Fund Managers Directive (“AIFMD II”). The European Parliament’s Economic and Monetary Committee (“ECON”) published its report on the proposals in May 2022 and there are many areas of agreement between the Council and the ECON, although the divergences suggest that there is scope for amendments during the trilogue negotiations, which are expected to commence later this year. Many of the proposals, although put forward in the context of the AIFMD review, will also involve amendments to the UCITS Directive.
Please get in touch with your usual Asset Management and Investment Funds Department contact or any of the contacts listed in this publication should you require further information in relation to the material referred to in this update.