On January 29, 2021 MFA submitted a response to the European Commission consultation on its review of EU rules on alternative investment fund managers (AIFMs). Our response urges the Commission to maintain National Private Placement Regimes (NPPRs) under AIFMD as these allow U.S. and UK-based managers to market to EU investors, and therefore provide EU investors access to global investing talent and strategies.
Other recommendations MFA makes in the response are to:
- Avoid disrupting the current regime for delegation arrangements, which allow EU-based investors to outsource fund management to U.S. and UK-based managers;
- Adopt IOSCO’s framework for measuring leverage; and,
- Facilitate ESG for those subject to AIFMD rules by improving access to reliable and comparable data.