The AIFMD provides a harmonized European framework for regulating alternative investment funds. Prior to discussing its details, this chapter introduces to the AIFMD, discussing the developments that led to its adoption (Part 1), the AIFMDâs principal objectives (Part 2) and its key tools for achieving the former (Part 3). In order to set the AIFMD within the system of European financial law, this chapter's fourth part locates the AIFMD's place within other European financial laws. Part 5 briefly touches upon the transitory provisions of the AIFMD.
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