On Monday 26 February, the Council of the European Union adopted new European rules aimed at improving European capital markets and strengthening investor protection in the EU.
Following the favourable position adopted by the European Parliament on Wednesday 7 February (see EUROPE B13346A19), the EU Council has approved the revision of two directives. These are the Alternative Investment Fund Managers Directive (AIFMD) and the ‘UCITS’ directive governing mutual funds intended for...