"AIF" means alternative investment funds;
"AIFM" means alternative investment fund managers;
"Capitial Requirements Directive" means the Directive on the Capital Adequacy of Investment Firm and Credit Institutions of the European Parliament and of the Council of 14 June 2006 (2006/49/EC);
"CEBS" means the Committee of European Banking Supervisors;
"CESR" means the Committee of European Securities Regulators;
"Commission" means the European Commission;
"Competent Authorities" means the national authorities of the Member States, which are empowered by law or regulation to supervise AIFM;
"Council" means the Council of the European Union;
"Directive" means the Directive on Alternative Investment Fund Managers approved by European Parliament legislative resolution on 11 November 2010;
"ESMA" means European Markets and Securities Authority;
"EU" means the European Union;
"Member States" means the member states of the EU;
"MiFID" means the Markets in Financial Instruments Directive (2004/39/EC).
"UCITS" means undertakings in collective investments in transferable securities;
"UCITS IV-Directive" means the Directive on the Coordination of laws, Regulations and Administrative Provision Relating to Undertakings for Collective Investments in Transferable Securities of the European Parliament and of the Council of 13 July 2009 (2009/65/EC).