Alerts

Proposed European Union Directive on Alternative Investment Fund Managers

SRZ Client Memorandum

July 15, 2009

The European Commission released a proposed draft Directive on Alternative Investment Fund Managers (the "Directive") on April 30, 2009. Although the Directive seeks to regulate investment managers in the European Union ("EU"), if implemented in its current form, it will have dramatic effects on any investment manager seeking to manage or market investment funds in the EU.