Home / CY AIF Law of 2018 / PART ΙΙ: PROVISIONS REGARDING THE ALTERNATIVE INVESTMENT FUNDS / Chapter 7: Subscriptions and redemptions of AIF units / [40] Marketing of AIF units to retail and well informed investors in the Republic.
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40. Marketing of AIF units to retail and well informed investors in the Republic.
(1) An AIFM, which is an internally managed AIF, or an AIF externally managed by an AIFM, can market its units to retail investors in the Republic in accordance with article 67 of the Alternative Investment Fund Managers Law.
(2) The marketing of the units of an AIF, which does not fall within the scope of section (1), to retail and/or well informed investors in the Republic, shall take place after the relevant authorisation of the AIF by the Securities and Exchange Commission, in accordance with article 13.
(3) The Securities and Exchange Commission may, by means of a directive, specify details for the application of this article and the procedure for the marketing of units of such AIFs, in the Republic.
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