The Austrian Federal Chamber of Labour welcomes in principle the effort of the European Commission, to make an aspect of the currently mainly deregulated financial markets, namely the sale of alternative investment products, subject to regulation. Unfortunately, the result has not only turned out to be very minimalistic but was in parts even more watered down by the Amendment Applications of the Parliamentary rapporteur of the Committee on Economic and Monetary Affairs, Member of European Parliament (MEP) Jean-Paul Gauzès. This is true i.a. with regard to the sale of financial market products, where focus is set only on Alternative Investment Fund (AIF) resp. Alternative Investment Fund Managers (AIFM) located within the EU, whilst AIF resp. AIFM located in third countries are supposed not to be included in the Directive.