Article 42 Conditions for the marketing in Member States without a passport of AIFs managed by a non-EU AIFM | Directive 2011/61/EU - Alternative Investment Fund Managers Directive (AIFMD) | Better Regulation

AI Summary of Article 42 Conditions for the marketing in Member States without a passport of AIFs managed by a non-EU AIFM

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Version status: Amended | Document consolidation status: Updated to reflect all known changes

Version date: 15 April 2024 - onwards

Article 42 Conditions for the marketing in Member States without a passport of AIFs managed by a non-EU AIFM

1. Without prejudice to Articles 37, 39 and 40, Member States may allow non-EU AIFMs to market to professional investors, in their territory only, units or shares of AIFs they manage subject at least to the following conditions:

(a) the non-EU AIFM complies with Articles 22, 23 and 24 in respect of each AIF marketed by it pursuant to this Article and with Articles 26 to 30 where an AIF marketed by it pursuant to this Article falls within the scope of Article 26(1). Competent authorities and AIF investors referred to in those Articles shall be deemed those of the Member States where the AIFs are marketed;

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