European Commission: Alternative investments: Letter from the Commission to ESMA re extending the deadline

March 4, 2011

The European Commission have sent a letter to the Chairman of the European Securities and Markets Authority (ESMA), noting that the AIFM Directive will most likely not enter into force before June 2011.

As this is considerably later than initially expected and in view of the significant workload their request for technical advice represents for ESMA, the letter says that the Commission have decided to extend the deadline for the reception of ESMA's advice by two months to November 16, 2011.