EBF has commented on the controversial draft Delegated Regulation for the implementation of AIFMD. It echoes many of the comments made by AIMA (see above) that the Commission has overridden ESMA proposals that were widely agreed. It seeks urgent discussions between the EU authorities and Member States on key issues, specifically custody, depository liability, due diligence and the segregation obligation and “letter box” managing. (Source: EBF Comments on the AIFMD Draft Delegated Regulation)