The Swedish Presidency of the European Council has issued a redraft of the Directive on Alternative Investment Fund Managers, setting out proposed changes to the draft Directive produced by the European Commission in April.
The changes are extensive and largely in line with industry comment to date, with the notable exception of a new section containing some controversial provisions on remuneration.
See here for a briefing which summarises the changes from the original draft. The new draft Directive is available here.
