ESMA has written to the Commission in response to the Commission's criticism of the draft RTS ESMA had submitted in respect of types of alternative investment fund manager (AIFM) under the Alternative Investment Fund Managers Directive (AIFMD). The Commission said the draft risked being incompatible with the AIFMD and invited ESMA to submit revised standards. ESMA does not agree with the Commission's views, and comments that only in "restricted and extraordinary circumstances" should the Commission amend ESMA's draft RTS. However, it has submitted a revised draft, so as not further to delay the final standards. (Source: ESMA Writes to Commission on Types of AIFM)
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ESMA writes to Commission on types of AIFM
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