EU AIFM - Update No. 16
1 July 2010
The proposed European Union Alternative Investment Fund Managers Directive (AIFM) is by far the largest regulatory and political challenge that the private equity and venture capital industry faces. If enacted in its present form, this Directive would impose substantial new costs on the sector and would make Europe a profoundly less attractive place in which to conduct private equity business. It is of absolute importance that we convince those who matter within the EU that these proposed regulations must be radically amended if serious damage is not to be done to the European economy.
This latest update, produced in July 2010, examines the various restriction and curbs that the Directive in its present form would impose on our industry: namely the disproportionate burden the disclosure regime would place on SMEs and the third country issue. The Directive continues to go through many iterations, however this document aims to bring BVCA members and their investors up to speed with the most recent developments
Do you have any comments, thoughts or questions concerning the BVCA's approach so far and in the months to come?
To get in touch, please contact:
Carmen Murray, BVCA: cmurray@bvca.co.uk
Emily Hartman, BVCA: ehartman@bvca.co.uk
Simon Horner, BVCA: shorner@bvca.co.uk
Download:
AIFM Backgrounder July 2010
