| If the European Commission draft on Alternative Investment Fund Managers Directive, which is proposing to regulate the managers of ‘alternative investment funds’, is implemented in its current form, it will affect the operations of all managers of non-UCITS funds, writes Fionan Breathnach. The draft Directive conflicts with Ireland’s current regulatory regime in a number of areas, which may lead to difficulties for Ireland’s funds industry if the Directive is passed in its current form |
