Despite delays, given that the initial completion date was set for 2017, the legislative process for the AIFMD review seems to have gathered fast paced momentum since mid-2020
There is still some time before the proposed directive will be enacted - if it ever will be - and it will be very interesting to see what type of practice will develop surrounding the newly proposed ‘18 months rule’
The introduction of a definition of AIFMD, as recently proposed by the European Commission, has put under the spotlight, once again, the increasingly intricated access to Europe available to US Fund managers
The intent of the European Commission to foster competition in the cross-border fund market does not equate per se to a liberalisation of that specific market