Bundesverband Alternative Investments e.V. (BAI)

In addition to the specific and direct regulation of the fund industry through AIFM Directive, UCITS Directive, ELTIF Regulation, EuVECA Regulation, and EuSEF Regulation, there are a multitude of other regulatory areas relevant to this industry, e.g. related to market infrastructure, trading and distribution activities or related services.

These include, in particular, the European financial markets directive MiFID II (together with the MiFIR Regulation), which also contains the relevant regulations on algorithmic or high frequency trading, the European market infrastructure regulation EMIR, which deals with requirements for the parties to derivative transactions, the regulation of securities financing transactions through the SFTR Regulation, the CSDR Regulation for the organisation and supervision of central securities depositories, or of course the European short selling regulation, which came back into focus in the Corona crisis.