The EU has announced a deal to revise its rules for hedge fund and alternative investment managers, easing industry concerns about a post-Brexit crackdown on London managers.

The deal will alter the bloc’s Alternative Investment Fund Managers Directive (AIFMD) guidelines for hedge funds, private equity, private debt, and real estate funds.

The accord requires European asset managers to provide regulators with more information about their private fund assets in non-EU nations.

The deal does not tighten “delegation” regulations for managers outside the EU that choose assets for funds listed in the bloc.

New loan funds must set aside more money to meet liquidity needs in strained markets.