AIF Bill has second reading

The Alternative Investment Fund Designation Bill has had its second reading in the House of Lords and has now moved to Committee stage. The main purpose of the Bill is to remove listed investment companies from the definition of AIFs and to make related changes. At debate in the Lords, many peers spoke of their support for this measure, noting that inclusion of investment trusts as part of AIFMD implementation had “strangled” the industry.

Emma Radmore