EMPEA’s Response to ESMA’s Call for Evidence on AIFMD Passport
EMPEA recently had the opportunity to respond to the European Securities and Markets Authority's (ESMA) Call for Evidence on the Alternative Investment Fund Managers Directive passport and submitted a response on behalf of its members.
EMPEA Members have observed that the prompt expansion of a robust passporting system, implemented in a practical and common-sense manner, would be optimal. We responded to ESMA's call because some of our members have experienced significant difficulties with current national private placement regimes.
Our full response to ESMA is available here in PDF form.