Third countries dominate AIFM negotiations
The question of how to deal with funds and managers based outside the European Union (EU) is proving the main dividing point in negotiations over the alternative investment fund managers (AIFM) directive.
Jean-Paul Gauzès, the rapporteur leading the directive for the EU parliament's committee on economic and monetary affairs, told journalists in Brussels there was still disagreement between the parliament and the EU council over how to handle third countries .
Negotiations between the two bodies began in late May after both adopted their versions of the directive, amending the original text published by the EU commission in April 2009.
The council's proposals to allow non-EU funds to be marketed
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