Esma board to decide on AIFMD prime broker segregation

Item scheduled for meeting on July 9, but may slip to September

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A source close to the European Securities and Markets Authority (Esma) says the regulator is close to a decision resolving how, under the alternative investment fund managers directive (AIFMD), prime brokers should segregate assets posted as collateral by hedge funds and held on their behalf. The source says national regulators from Esma's 28 member states will meet on July 9 to hammer out a common position to be applied across the European Union ahead of AIFMD's implementation deadline of Ju