ESMA recommends post-Brexit UCITS and AIFMD changes in 'attack on London'
Writing ahead of AIFMD review
ESMA chair Steven Maijoor
Pan-European regulator ESMA has recommended a raft of changes to the regulation of investment funds, which could result in significant restrictions on the capacity for UK-based asset managers to continue to operate EU-based funds after the UK leaves the bloc at the end of this year.
Writing to the European Commission ahead of the EU executive's review of the AIFMD regulation, ESMA chair Steven Maijoor highlighted concerns on delegation, substance requirements, secondments and white...
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