We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
Following a request by the French private equity association (Association Française des Investisseurs pour la Croissance AFIC), the French Tax Authority (Direction de la Législation Fiscale DLF) has recently confirmed that the management, in France, of a foreign alternative investment fund (AIF) as defined by the AIFM Directive, does not lead to that AIF being taxable in France
Further to the ESMA consulation paper on possible implementing measures of the AIFM Directive issued on 13 July 2011 the AFG (i.e. the French association for investment management industry) published on 13 September its response to the ESMA consultation
The Autorité des Marchés Financier (the French financial markets regulatorthe "AMF"), together with the new authority Autorité de Contrôle Prudentiel,1 issued Position No. 2010-05 dated 15 October 2010 (the “AMF Position”) on the marketingor commercialisationof complex financial instruments
