This is the text of statement by Finland, Denmark, Czech Republic, Latvia, Sweden, Ireland, Netherlands, UK, Germany, Austria, Luxembourg and Portugal... in which they raise their concerns over the manner in which the post-Lisbon process of producing delegated acts is being conducted. It notes that the EC’s draft Delegated Act for the AIFMD Regulation departs from ESMA's advice in a number of areas, without explanation, adding that whilst the EC is not obliged to follow EMA advice: “the credibility of the process of producing delegated acts must be ensured. One avenue forward would be to openly consult the Member States. We therefore urge the Commission to adopt a more open and consultative approach in future, when drawing up delegated acts”. It also states that Member States had only had the opportunity to give comments on the draft Delegated Act in mid-March-April 2012, concluding “his large opaque piece of the AIFMD regulatory package sets enormous challenge to the hearings of stakeholders and the national parliamentary process”..