Swedish Presidency Publishes Compromise Proposal on the AIFM Directive

November 19, 2009
As part of its continuing efforts to guide a compromise with respect to the so-called AIFM Directive—or at least frame the course of the ongoing debate—the Swedish Presidency published on 12 November 2009 a compromise proposal in the form of a marked version of the AIFM Directive (the “Compromise Proposal”). While the Compromise Proposal may represent progress in some respects—having eliminated or significantly watered down provisions that have been viewed as onerous or unworkable—it also contains potentially troublesome new concepts, including provisions requiring AIFM to adopt remuneration policies and procedures that meet set criteria. In this Dechert OnPoint, we discuss the key highlights of the Compromise Proposal.