The European Commission is searching for a firm to conduct analysis and produce a report on how well the Alternative Investment Fund Managers Directive has worked.
A notice filed on European procurement website Tenders Electronic Daily said the EC is looking for a backward-looking analysis, considering to what extent the objectives of AIFMD have been achieved.
The regulation, which came into force in 2011 and had to be implemented by member states of the European Union by July 2013, regulates hedge funds, private equity and other alternative investment firms.
The EC wants a provider to carry out a general survey on how well the rules are functioning and any lessons learned from their application. It will also produce an evidence-based study on how effective, efficient, relevant and coherent the rules are in achieving their objectives, and what value the rules have added.
The outcome of the survey and the findings of the study will be provided in a single, final report, the notice said.
Further details are available on the TED website. Proposals are due June 1.
A spokeswoman for the EC could not be reached for comment by press time.