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By Dr. Marcel BARTNIK, Lawyer, Partner - GSK Stockmann
Upcoming review of the AIFM Directive
The AIFM Directive is, without doubt, a success story in terms of investment funds regulation. While that was not necessarily obvious at its inception in 2011, where in particular the shift from a product focused fund regulation to the supervision of fund managers raised some concerns, this has become quite clear nowadays. Luxembourg has embraced the new framework since its transposition into national law in 2013 and, building on its experience and infrastructure with UCITS, emerged as the first port of call for international initiators of alternative investment funds in Europe: EUR 778 billion of assets under management and over 4400...
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