ESMA Issues Discussion Paper on Key Concepts of the AIFMD and Types of AIFM

2 March 2012

The European Securities Markets Authority ("ESMA") has published a discussion paper on certain key concepts of the Alternative Investment Fund Managers Directive ("AIFMD") and the types of alternative investment fund manager ("AIFM") and alternative investment funds ("AIF") which will fall under its scope.

Please see attached for further information.

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