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Germany: Commission Draft Delegated Regulation On Level II Implementing Measures Supplementing AIFMD - P+P Pöllath + Partners

On December 19, 2012 the European Commission adopted its draft Delegated Regulation ("Level II Regulation") supplementing Directive 2011/61/EU ("AIFMD").

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Found more than 1 month ago on channel Mondaq

Germany: ESMA published draft guidelines on key concepts of the AIFMD - P+P Pöllath + Partners

On December 19, 2012 the European Securities and Market Authority published two consultation papers on the Directive on Alternative Investment Fund Managers.

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Found more than 1 month ago on channel Mondaq

Global distribution in a regulated environment

The Association of the Luxembourg Fund Industry’s (ALFI) Asia road show stopped off in Hong Kong on September 25 to let a group of practitioners from accounting consultancies, custodian banks and asset management firms from the European financial centre share their perspectives on issues including the impact of the Alternative Investment Fund Managers Directive (AIFMD) and distribution in Asia with regard to Undertakings for Collective Investment in Transferable Securities (UCITS) funds.

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Found more than 1 month ago on channel Asia Asset Management

Storm Will Keep Financial Markets Closed Tuesday

(NEW YORK) — Stock trading will be closed in the U.S. for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading will also be closed. The last time the New York Stock Exchange was closed for weather was in 1985 because of Hurricane Gloria, and it will be the first time since 1888 that the exchange will have been closed for two consecutive days because of weather. The cause then was a blizzard that left drifts as high as 40 feet in the streets of New York City. The New York Stock Exchange and Nasdaq said they intend to reopen on Wednesday and would keep investors updated. Much of the East Coast was at a standstill Monday as the storm approached. Mass transit and schools were closed across the region ahead of the storm hitting land, which was expected to happen later Monday. (PHOTOS: ‘Epic’ Hurricane Slams U.S. East Coast) Areas around New York’s Financial District were part of a mandatory evacuation zone. The storm surge is already pushing water over seawalls ...

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Found more than 1 month ago on channel TIME Business

Marchionne keeps ACEA presidency after VW spat

PARIS - Fiat SpA Chief Executive Sergio Marchionne said he had not quit as president of European carmakers' association ACEA, after Germany's Volkswagen AG called for him to go.

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Found more than 1 month ago on channel Reuters