The Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive”) and the supplementary level 2 Regulation (EU) No 231/2013 (the “Regulation”) introduce an authorisation regime and centralised rulebook for the management and marketing within the European Economic Area (the “EEA”) of alternative investment funds (“AIFs”) by alternative investment fund managers (“AIFMs“).
Under the Directive, non-EEA AIFMs2 will be required to comply with the Directive in the event that they seek to:
- manage one or more EEA AIFs3; or
- market one or more AIFs managed by them to professional investors4 in the EEA, irrespective of the domicile of such AIFs.
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Topics: AIFM, Alternative Investment Fund Managers Directive, Alternative Investment Funds, EEA, EU, Marketing
Published In: General Business Updates, Communications & Media Updates, Finance & Banking Updates, International Trade Updates, Securities Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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