Home / CY AIFM Law of 2013 / PART VIII – MARKETING OF UNITS OF AIFs TO RETAIL INVESTORS IN THE REPUBLIC / Section 67 - Marketing of units of AIFs by AIFMs to retail investors in the Republic.

Marketing of units of AIFs by AIFMs to retail investors in the Republic.

67.-(1) Without prejudice to other instruments of Union law and/or the law of the Republic, the Commission may allow AIFMs to market to retail investors in the Republic, units of AIFs they manage in accordance with this Law, irrespective of whether such AIFs are marketed on a domestic or cross-border basis or whether they are EU or non-EU AIFs upon authorisation by the Commission.

(2)(a) The Commission may, by directive, determine the terms, the procedure and the conditions for the authorisation referred to in subsection (1) and the procedure for the marketing of the units of the AIFs in the Republic.

(b) For such authorisation, the Commission -

• may impose additional obligations on the AIFM or the AIF than the requirements applicable to the AIFs marketed to professional investors in the Republic in accordance with this Law;

• may not impose stricter or additional requirements on EU AIFs established in a Member State other than the Republic and marketed in the Republic, than the requirements imposed on the AIFs of the Republic marketed domestically.