Brussels, 19/07/2016 (Agence Europe) - The European Securities and Markets Authority (ESMA) has recommended that alternative investment funds based in the United States, Canada, Japan and Hong Kong be able to continue to sell their products in the EU, in recommendations published on Tuesday 19 July.
ESMA had been tasked with giving its opinion on granting non-EU funds the 'passport' provided for by the alternative investment fund managers' directive (2011/61). Currently, authorisations are...