Home / CY AIF Law of 2018 / PART IΙΙ MARKETING OF UNITS OF AIFs FROM ANOTHER MEMBER STATE OR THIRD COUNTRY INTO THE REPUBLIC / [98] Marketing of units of AIFs established in another member state or third country and which fall within the scope of the Alternative Investment Funds Managers Law, in the Republic.
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98. Marketing of units of AIFs established in another member state or third country and which fall within the scope of the Alternative Investment Funds Managers Law, in the Republic.
(1) An AIF established in another member state or third country, and are externally managed by an AIFM, may market their units in the Republic in accordance with the provision of the Alternative Investment Fund Managers Law or the legislation of another member state which harmonises Directive 2011/61/EE respectively.
(2) The Securities and Exchange Commission has the power to take measures against the persons that participate in the marketing network of the units of the AIFs of section (1) in the Republic, in the case of violation of the legal framework of the Republic relevant to them.
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