AIFMD Update

The European Securities and Markets Authority (“ESMA”) has confirmed that it will shortly commence an assessment of the Cayman Islands for its inclusion within the passport regime under the terms of the Alternative Investment Fund Managers DirectiveThe announcement was made by Steven Maijoor, chair of ESMA, at a session of the Economic and Monetary Affairs Committee at the European Parliament on 13 October 2015.

Read past AIFMD update here.