The securities commissions of Ontario, Quebec, Alberta, and British Columbia today on Thursday announced that they have entered into supervisory Memorandums of Understanding (MOUs) with financial regulators of member states of the European Union (EU) and European Economic Area (EEA) regarding the supervision of alternative investment fund managers, as required under the EU Alternative Investment Fund Managers Directive (PDF). The MOUs are a pre-condition for allowing non-EU alternative investment fund managers to manage and market alternative investment funds (including hedge funds, private equity, and real estate funds) in the EU and to perform fund management activities on behalf of EU managers. The EU/EEA member-state financial regulators with whom the Canadian authorities signed MOUs are those from Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxemburg,
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