ESMA approves more AIFMD MoUs: ESMA has approved seven Memoranda of Understanding (MoUs) for cooperation between regulatory authorities in relation to alternative investment funds (AIFs) and their managers under the Alternative Investment Fund Managers Directive (AIFMD). The latest MoUs, bringing the total to 38, are with authorities from the Bahamas, Japan, Malaysia, Mexico and the US, including the Commodity Futures Trading Commission. National regulators within the EU are now signing MoUs with relevant regulators with whom ESMA already has an MoU. The MoUs will enable cross-border marketing of AIFs to professional investors between jurisdictions subject to the other jurisdiction not being listed as a non-cooperative jurisdiction by the Financial Action Task Force and, as from the entry into force of the passport for non-EU managers, having cooperation agreements in place with EU Member States regarding the exchange of information on tax matters. ESMA notes it is still negotiating an MoU with China. (Source: ESMA Approves More AIFMD MoUs)