Legislators agree on final text for AIFM

The Directive, which has been heavily debated since it was conceived in April 2009, is now set to be formally approved by the European Parliament on 11 November.

The latest version of the bill, which contained measures to allow non-EU funds to continue marketing to European investors, was approved by finance ministers last week, and has now been accepted by negotiators for the European Parliament.

Syed Kamall MEP, Reformists group chief negotiator on the directive, said: "We have come a long way since April 2009 on the Alternative Investment Fund Managers Directive (AIFMD). The Commission's initial draft was a very wrinkly shirt, and we have managed to iron out many of the wrinkles."

"This is not a perfect proposal but hopefully we can all live with it."

After the directive is approved by the European Parliament, member states will have until 2013 to introduce the new regulations.

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• Topics
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• AIFM Directive