Delay for AIFMD third-country passport extension

It looks like the EU will hold off on AIFMD third-country passport extensions until Brexit develops a clearer path.

Ugo Bassi, Director of Financial Markets, pointed towards the technical complexities and ongoing assessment period, also in light of Brexit, at a conference last week.

The Compliance Strategy Institute at its London and Paris roundtables had workshops around UCITS and AIFMD passporting post-Brexit.

An ongoing CSI task force of chief compliance, risk, operational and tech officers is creating strategies and initiatives for members to deal with their business challenges.

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