Letter from Brussels

The European Commission report on AIFMD that was released in August of last year concluded that AIFMD is working well and only fine tuning of certain provisions is needed. Since then, policy makers in Brussels publicly identified five priority areas that they want to focus on in a targeted revision. These include the introduction of a depositary passport; stronger liquidity management tools; improved supervisory reporting; revised CSD safekeeping rules; and harmonisation of loan origination requirements.