Spain Issues Compromise Draft Proposal for a European Directive on Alternative Investment Fund Managers

February 22, 2010
The Proposal for a European Directive on Alternative Investment Fund Managers has met with much controversy since it was first proposed in April 2009. Now, a short period into its term as President of the European Council, Spain has published a revised compromise draft of the Directive. This update examines new developments in the Directive and identifies some important issues affecting the industry.