The European Securities and Markets Authority (ESMA) is still in the process of finalising its opinion and advice to the European Commission, Council and Parliament on Article 67 (1) of the Alternative Investment Fund Managers Directive (AIFMD) and intends to publish them during the week beginning 28 July rather than on 22 July as previously expected.
The opinion relates to the passporting of EU AIFMs and national private placement regimes and the advice relates to the passporting of non-EU AIFMs and AIFs into the European Union. It has informed the European Commission, European Council and European Parliament of this delay.
