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Clifford Chance

Clifford Chance


ESMA issues more advice on extending the AIFMD passport to non-EU managers

25 July 2016

The Alternative Investment Fund Managers Directive passport (AIFMD passport) could be extended to managers in some non-EU countries, enabling them to market and manage funds throughout the European Union. Such is the advice from ESMA to the European Parliament, the Council and the Commission, issued on the 19 July 2016, on the application of the AIFMD passport to non-EU alternative investment managers (AIFMs) and alternative investment funds (AIFs) in 12 non-EU countries.

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