AIFMD passporting: ESMA gives Guernsey and Jersey and ‘unqualified’ positive recommendation

Under the Alternative Investment Fund Managers Directive (AIFMD), the European Securities and Marketing Authority (ESMA) was asked by the European Commission to advise on the application of the AIFMD passport to non-EU (third country) Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs). In ESMA’s advice published on 19 …

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