AIFMs Welcome 'Flexibility Of NPPR' When Accessing Europe

National private placement regimes (NPPR) continue to offer the flexibility and ease of access for marketing into Europe that appeal to fund managers, a London funds audience has heard.

Speaking at a Guernsey funds masterclass at the British Museum, panellist Cathy Pitt, Corporate Partner of CMS Cameron McKenna LLP, said that fund managers appreciated the NPPR process, particularly when they only wished to target a select set of jurisdictions.

"I think people welcome the flexibility offered by the national private placement regimes. I've had a lot of experience of non-EU managers who are pleasantly surprised to find that access to Europe and, in particular, to the UK is not closed and they can access European markets without having to become registered under AIFMD," said Ms Pitt.