Introduction
The lack of consistency and variance in the degree of protection
afforded to investors across the European Union, have raised
concerns as to the efficiency of the existing AIFMD and UCITS
frameworks. These concerns were also voiced in ESMA's opinion
in July 2017 which called for enhancements to current rules.
In an effort to tackle the practical implications deriving from
the shortcomings of the AIFMD and UCITS frameworks, two Commission
Delegated Regulations were published aiming to reinforce existing
rules and regulations and to introduce practice harmonisation.
In October 2018 the following regulations were published in the
EU's Official Journal:
- Commission Delegated Regulation (EU)
2018/1618 amending the safekeeping provisions of Delegated
Regulation (EU) 231/2013 (the AIFMD Delegated Regulation); and
