EP advances on AIFM consensus

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EUROPE - The European Parliament economic and monetary affairs committee (EP) reached a compromise agreement on the scope of the Alternative Investment Fund Managers (AIFM) directive that could allow non EU-domiciled funds to be marketed in Europe.

Yesterday's EP agreement comes after EU finance ministers met in Brussels on Tuesday but scrapped the AIFM from the agenda as "more work is needed on the proposals". (Global Pensions, March 17, 201...

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