Esma likely to extend AIFMD passport to third countries
Industry experts expect Esma to advise the European Commission to extend the AIFMD passport to third countries, but decision will depend on data available
The European Securities and Markets Authority (Esma) is expected to advise the European Commission to extend the alternative investment fund managers directive (AIFMD) passport to third countries when it issues its opinion in July, but the timing and implications of the decision remain unclear.
Some industry experts say that since part of the reason for creating the directive was to harmonise passporting rights for member states, it would seem strange that although non-European Union countries
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