Clifford Chance

Opinion on loan origination by funds – ESMA

19 April 2016

As part of ESMA’s ongoing work on the Capital Markets Union, it has issued a detailed opinion on the topics that should be covered by the European Commission in its Q2 consultation on establishing a common EU approach on loan origination by funds.

Interestingly, it is not clear whether that consultation will lead to a concrete legislative proposal for a European wide regime for lending by funds, or whether it will be closer to a review by the European Commission of the current market landscape, whilst continuing to monitor how member states approach lending by funds under their own national regimes.

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