Home / CY AIFM Law of 2013 / PART VII – SPECIFIC RULES IN RELATION TO THIRD COUNTRIES / Section 65 - Conditions for managing AIFs established in the Republic by non-EU AIFMs, when the Member State of reference of the AIFM is other than the Republic.
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Conditions for managing AIFs established in the Republic by non-EU AIFMs, when the Member State of reference of the AIFM is other than the Republic.
65.-(1) A non-EU AIFM, duly authorised by the competent authorities of its Member State of reference, may manage EU AIFs established in the Republic, either directly or via the establishment of a branch, provided that the AIFM is authorised by the relevant competent authority to manage that type of AIF.
(2) The Commission, as the competent authority of the host Member State of the AIFM referred to in subsection (1) of this section, shall receive from the competent authority of the Member State of reference of the AIFM, the notification file referred to in paragraph (2), or, if relevant, paragraph (3) of Article 41 of Directive 2011/61/EU, which shall also include the statement referred to in subparagraph 2 of paragraph 4 of Article 41 of Directive 2011/61/EU.
(3) The AIFM referred to in subsection (1), may start to provide its services in the Republic, upon receipt of the transmission notification by the competent authorities of its Member State of reference about the transmission of the notification file to the Commission.
(4) The Commission shall not impose any additional requirements on the AIFM referred to in subsection (1) in respect of the matters covered by this Law.
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