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Jersey and Guernsey Alternative Investment Funds - AIFMD Update

January 2013 - Finance. Legal Developments by Ogier .

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After a significant period of negotiation, the level 2 regulations pursuant to the AIFM Directive (the Directive) were issued by the EU Commission on 19 December. The controversial areas of negotiation between EU member states are understood to have been focused particularly on the areas of delegation and depositary requirements.