Client Alert
| May 27, 2009
European Commission Releases Draft Directive on the Regulation of Alternative Investment Fund Managers
Against the background of the international financial market crisis, the EU Commission has issued a first draft of a Directive on the regulation of managers of "alternative investment funds" ("AIF"). According to the explanatory memorandum to the draft Directive, the proposals stem from concerns about the adequacy of the regulatory frameworks of financial markets in the wake of the financial crisis, in particular the perceived lack of supervision over the activities of managers of AIFs.
For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:
This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383