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This infographic gives a brief overview of regulatory action taken in the EU over the last few years. Highlights include the creation of the European Securities and Markets Authority (ESMA), and the first financial services regulation undertaken, the Alternative Investment Fund Managers Directive (AIFMD). These steps established an EU regulator, as well as robust, harmonized regulatory standards for all fund managers operating or marketing to investors in the EU. Learn more about the global hedge fund industry at: www.hedgefundfundamentals.com.