ESMA Approves Global Supervisory Cooperation Agreements Relating to AIFM Directive

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On May 30, the European Securities and Markets Authority (ESMA) published a press release relating to global supervisory cooperation on alternative funds.

At its May 22, 2013 meeting, ESMA’s Board of Supervisors approved cooperation agreements (also known as memorandum of understanding (MoUs)) between EU securities regulators with responsibility for supervising alternative investment funds (AIFs) from all 27 member states and 34 of their global counterparts (including those in the USA, India, Australia and Hong Kong). ESMA has negotiated the agreements on behalf of all member states’ securities regulators, as well as the authorities from Croatia, Iceland, Liechtenstein and Norway. Press Release.