Europe: ESMA publishes final guidelines on remuneration of alternative investment fund managers

The European Securities and Markets Authority has published its final Guidelines on sound remuneration policies under the Alternative Investment Fund Managers Directive: see here (pdf). These operate on a 'comply or explain' basis: competent authorities (e.g., regulators/supervisors) within the Member States are required to inform ESMA whether they comply or intend to comply with the guidelines.