Home / CY AIFM Law of 2013 / PART VII – SPECIFIC RULES IN RELATION TO THIRD COUNTRIES / Section 54 - Notification to ESMA for the authorisations granted and for the applications for authorisation that have been rejected regarding non-EU AIFMs.
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Notification to ESMA for the authorisations granted and for the applications for authorisation that have been rejected regarding non-EU AIFMs.
54.-(1) The Commission shall, without undue delay, inform ESMA of the outcome of the initial authorisation process in accordance with subsection (2) of section 49, about any changes in the authorisation of the AIFM and any withdrawal of authorisation.
(2) The Commission shall inform ESMA about the applications for authorisation in accordance with subsection (1) of section 49 that it has rejected, providing data about the non-EU AIFM having asked for authorisation and the reasons for the rejection. The Commission shall treat as confidential the information of the central register kept by ESMA in accordance with the second subparagraph of paragraph 10 of Article 37 of Directive 2011/61/EU to which the Commission shall have access in accordance with the relevant provision of Directive 2011/61/EU.
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