Home / CY AIFM Law of 2013 / PART VI – RIGHTS OF AIFMs TO MANAGE AND MARKET EU AIFs IN THE UNION / Section 42 - Conditions for managing AIFs established in the Republic and for the provision of services in the Republic by an AIFM of another Member State.
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Conditions for managing AIFs established in the Republic and for the provision of services in the Republic by an AIFM of another Member State.
42.-(1) An AIFM of another Member State, which is authorised in accordance with Directive 2011/61/EU, may, directly or by establishing a branch- (i)
(a) manage AIFs established in the Republic, provided that the AIFM is authorised to manage that type of AIF; and
(b) provide in the Republic the services referred to in subsection (6) of section 6 and which are covered by the AIFM license.
(2) The AIFM referred to in subsection (1) of this section, which intends to manage AIFs established in the Republic for the first time, or/and provide in the Republic for the first time the services referred to in subsection (6) of section 6 may start to provide its services in the Republic upon receipt of the transmission notification from the competent authorities of its home Member State in accordance with the third subparagraph of paragraph 4 of Article 33 of Directive 2011/61/EU.
(3) The Commission shall not impose any additional requirements to the AIFM referred to in subsection (1) for any matters that fall under the provisions of this Law.
(i) 97(I) of 2015
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