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Legal Update

Granting of an AIFMD passport to Canada, Guernsey, Japan, Jersey and Switzerland shifts closer as ESMA publishes advice

27 July 2016
Mayer Brown Legal Update
The European Securities and Markets Authority ("ESMA") has said that there are "no significant obstacles" impeding the application of the Alternative Investment Fund Managers Directive ("AIMFD") passport to Canada, Guernsey, Japan, Jersey and Switzerland, as it published its advice on extending the passport to 12 non-European Economic Area countries on 19 July 2016. The conclusions ESMA reached mean that it would be difficult for the European Commission, Parliament and Council not to grant these five jurisdictions AIMFD passporting rights in the future.


  • David R. Sahr
    T +44 20 3130 3496
  • Mark Compton
    T +44 20 3130 3388
  • James West
    T +44 20 3130 3311
  • Tim Nosworthy
    T +44 20 3130 3829
  • Dr. Alexander Behrens, LLM (UCT)
    T +49 69 7941 1133
  • Lauren Smith
    T +44 20 3130 3134

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