On 3 September 2009, the Alternative Investment Management Association (AIMA) published a statement congratulating the appointment of rapporteurs and shadow rapporteurs for the draft Alternative Investment Fund Managers Directive.

AIMA is campaigning for substantial revisions to the draft Directive, notably in the areas of leverage, depositaries and marketing.

Florence Lombard, AIMA’s Executive Director, said:

"We look forward to working with Europe’s parliamentarians on the Directive. We hope that it will be possible to secure appropriate EU-level regulation of the alternative investment management industry in Europe and effective structures for the reporting of systemically relevant data in the broader interests of financial stability, while at the same time ensuring that Europe’s competitiveness in financial services and as a destination for international investment is not compromised. Nor should this lead to negative consequences in terms of pensions, savings, commercial real estate and jobs for the economies of the Union’s member states."

View AIMA congratulates rapporteurs appointed for AIFM Directive, 3 September 2009