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