Home / CY AIFM Law of 2013 / PART VII – SPECIFIC RULES IN RELATION TO THIRD COUNTRIES / Section 43 - Conditions for AIFMs of the Republic which manage non-EU AIFs, which are not marketed in Member States.
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Conditions for AIFMs of the Republic which manage non-EU AIFs, which are not marketed in Member States.
43.-(1) An AIFM of the Republic may manage non-EU AIFs which are not marketed in the Union provided that -
(a) the AIFM of the Republic complies with all the requirements established in this Law, except for sections 23 to 29 in respect of those AIFs; and
(b) appropriate cooperation arrangements are in place between the Commission and the supervisory authorities of the third country where the non-EU AIF is established in order to ensure, at least, an efficient exchange of information that allows the Commission to carry out its duties in accordance with this Law.
(2) The Commission may, by Directive, specify the measures regarding the cooperation arrangements referred to in subsection (1), and determine the conditions of application of those measures.
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