EU on Alternative Investment Fund Managers - Main contents

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This page contains a limited version of this dossier in the EU Monitor.

dossier	COM(2020)232 - Assessing the application and the scope of Directive 2011/61/EU on Alternative Investment Fund Managers.
document	COM(2020)232
date	June 10, 2020

Annex IV of the AIFMR.

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The role of non-bank financial institutions in the leveraged loan and CLO markets has increased. See FSB, Vulnerabilities associated with leveraged loans and collateralised loan obligations (CLOs), PLEN/2019/91-REV, 22 November 2019.

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Expert Group of the European Securities Committee (EGESC) meeting on 27 September 2019.

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Supra 12, pp. 171-172. See section 2 of Chapter II of the AIFMR.

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FSB Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities,

12 January 2017; IOSCO Final Report on Recommendations for Liquidity Risk Management for Collective Investment Schemes of February 2018; IOSCO Final Report on Recommendations for Liquidity Risk Management for Collective Investment Schemes of February 2018.

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Supra 19.

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ESMA Guidelines on sound remuneration policies under the AIFMD, 03 July 2013, ESMA/2013/232.

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There is some evidence supporting their effectiveness in nudging targeted agents towards a risk conscious behaviour.

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Supra 12, pp. 188 - 189.

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Supra 12, p. 192.

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Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures, OJ L 150, 7.6.2019, pp. 253 - 295.

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Regulation (EU) No 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds.

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Bilateral meetings with stakeholders.

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Supra 29.

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Commission Delegated Regulation 2018/1618 of 12 July 2018 amending Delegated Regulation (EU) No 231/2013 as regards safe-keeping duties of depositaries, OJ L 271, 30.10.2018, pp. 1 – 5.

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Supra 48.

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Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector, OJ L 317, 9.12.2019, pp. 1–16.

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Regulation (EU) 2017/1991 of the European Parliament and of the Council of 25 October 2017 amending Regulation (EU) No 345/2013 on European venture capital funds and Regulation (EU) No 346/2013 on European social entrepreneurship funds, OJ L 293, 10.11.2017, pp. 1–18.