The ECON committee in the European Parliament voted on amendments to the Commission’s original draft AIFMD on 17 May. Parliament said the main changes to the Commission's draft were to increase investor protection and transparency while reducing some of the more protectionist provisions. Among the changes ECON voted on are:

  • increased disclosure and transparency;
  • reducing risk by rules on remuneration, short selling and retail marketing;
  • third-country funds agreeing to be subject to much of the Directive and coming from jurisdictions with good financial crime controls and a reciprocal agreement with EU regulators;
  • different levels of regulation for different-size funds;
  • allowing an AIFM to be its own valuator in certain circumstances;
  • allowing depositories to delegate their tasks to a certain extent; and
  • aligning capital requirements with requirements on UCITS.