Asia PE urged to respond to Esma’s third country paper

Author: | Published: 19 Sep 2011

Lawyers in Hong Kong have urged private equity houses in the region to respond to European Securities and Markets Authority’s (Esma’s) AIFM directive consultation paper on third country issues.

In August, Esma released its consultation paper on the so-called third country aspects of the directive.

The paper covers cooperation arrangements for third country alternative investment funds and alternative investment fund managers (AIFM), delegation of portfolio/risk management functions to third country undertakings, as well as assessment of third country depositaries.

It follows Esma’s July consultation paper...