ESMA Cover letter and Supplemental Response to Call for Evidence AIFMD and Third country Passporting

EMPEA responded on 8 January, 2015 to the European Securities and Markets Authority (“ESMA”) Call for Evidence on the Alternative Investment Fund Managers Directive (“AIFMD”) Passport and Third Country AIFMs on behalf of its members. In this letter, we supplement our response to certain questions raised by ESMA on the functioning of the national private placement regimes as set out in Articles 36 and 42 of the AIFMD and on the possible application of the passport to non-EU AIFMs and AIFs, as set out in Articles 35 and 37-41.