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Luxembourg - Alfi

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What has happened over the past 18 months<br />

2 April 2009 G20 Meeting in London states that "all systemically important financial<br />

institutions, markets, and instruments should be subject to an<br />

appropriate degree of regulation and oversight.“<br />

30 April 2009 EU Commission issues proposal for AIFMD<br />

May 2009<br />

to May 2010<br />

EU Council of Ministers working group,<br />

under Czech, Swedish and Spanish Presidencies (10 versions)<br />

ECOFIN adopted “general approach” to AIFMD (18 May 2010)<br />

September<br />

2009 to<br />

May 2010<br />

EU Parliament’s Economic & Monetary Affairs Committee (“ECON”)<br />

Report from Rapporteur M.Gauzes (139 amendments) (Nov 2009) &<br />

MEPs (1531 amendments) (Jan 2010)<br />

EP Legal Affairs Committee (“JURI”) (100 amendments) (Apr 2010)<br />

ECON voted to adopt amended Gauzes report (17 May 10)<br />

May to October<br />

2010<br />

24 Trilogue meetings took place, i.e. discussions between EU Parliament,<br />

EU Council and EU Commission, chaired by Belgian EU Presidency, to agree<br />

on final proposed text for AIFMD.<br />

Agreement reached on 26 October 2010<br />

99

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