Irish Funds backs EC’s targeted approach to AIFMD review

irish funds backs ecs targeted approach to aifmd review

Sumary of Irish Funds backs EC’s targeted approach to AIFMD review:

  • Irish Funds has welcomed the targeted approach taken by the European Commission in the publication of the legislative proposal amending the Alternative Investment Fund Managers Directive (AIFMD) and the move towards greater supervisory convergence.
  • Reflecting on the Commission’s conclusion that “the AIFMD is generally meeting its objectives and that the EU-wide harmonisation of regulatory standards has facilitated integration of the European collective investment fund market,” Pat Lardner, Irish Funds CEO, says: “We support the Commission’s targeted approach to the AIFMD review.
  • We also welcome greater supervisory convergence as a key enabler of the further development of the EU’s single market for investment funds, ensuring consistent AIFMD application and the highest standards of investor protection.

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