19/01/2011 Author: Tony Griffiths

Regulatory deadlines loom in US and EU 

Regulatory deadlines loom in US and EU 

Consultations with the relevant industries on how best to implement new fund regulation in the US and EU are underway, with last week’s deadline for input putting Europe’s process slightly ahead.

Having been ratified in November by the EU Parliament, the Alternative Investment Fund Manager (AIFM) Directive is poised to go through a lengthy implementation procedure, as more detailed, secondary legislation is drawn up by the European Securities and Markets Authority (Esma). The deadline for suggestions and questions to be fed into the consultation process passed on Friday.   
 
Over in the US, the deadline for input into the process of drawing up a threshold and definition for SEC registration by US and non-US managers passes on Monday. Final rules for registration with the US regulator will be issued in February or March, after which managers have until 21 July to comply.

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