There is an inescapable flow of new European legal and regulatory measures affecting the funds and real estate sectors. The Alternative Investment Fund Managers Directive introduces new regulation for managers of alternative investment funds and their funds. The European Market Infrastructure Regulation on Over the Counter Derivatives applies to persons using OTC derivatives and includes AIFMD managers as financial counterparties. Solvency II reforms capital requirements for insurers and reinsurers in the EU.
Nabarro's at-a-glance timeline illustrates some key dates for each of these measures.