From 22 July 2013, the Alternative Investment Fund Managers Directive (2011/61/EU) (the "Directive") and the supplementary level 2 Regulation (EU) No 231/2013 (the "Regulation") will come into effect. This legislation will 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"). Importantly, it will also introduce a European passporting regime for such activities.
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AIFMD: update for non-EEA fund managers
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