Esma likely to extend AIFMD passport to third countries

Withdrawal of national private placement regimes could follow in 2018

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Esma's decision to recommend on AIFMD passport depends on data available

The European Securities and Markets Authority (Esma) is expected to advise the European Commission to extend the alternative investment fund managers directive (AIFMD) passport to third countries when it issues its opinion in July, but the timing and implications of the decision remain unclear.

Some industry experts say that since part of the reason for creating the directive was to harmonise passporting rights for member states, it would seem strange that although non-European Union countries pl

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