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THE ALTERNATIVE INVESTMENT FUND MANAGERS AND RELATED MATTERS LAW OF 2013

For the purpose of harmonisation with the act of the European Union titled ‘Directive 2011/61/ΕU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/ΕC and 2009/65/ΕC and Regulations (EC) No 1060/2009 and (ΕU) No 1095/2010’ excluding Articles 62 and 63 of this Directive, (i)

AND for the purpose of application of the act of the European Union titled ‘Commission Delegated Regulation (EU) No 231/2012 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision’, (ii)

AND for the purpose of regulating the tax regime of the alternative investment fund managers,

AND for the purpose of harmonisation with Articles 3 and 4 of the act of the European Union titled ‘Directive 2013/14/EU of the European Parliament and of the Council of 21 May 2013 amending Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision, Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) and Directive 2011/61/EU on Alternative Investment Funds Managers in respect of over-reliance on credit ratings’, (iii)

AND for the purpose of better application of Articles 6(2), 13(1), 21(4)(b) and (13), 24(1), 29(1) and (2)(c), 30(3)(c) and 66(4) of the act of the European Union titled ‘Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010’ as amended by the aforementioned Directive 2013/14/EU, (iv)

AND for the purpose of exercising the discretion provided by Article 28(1), second subsection, of the above mentioned Directive 2011/61/EE, (v)

AND for the more effective application of the law, (vi)

AND for the purpose of harmonisation with Article 92 of the act of the European Union titled “Direcitve 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast)”, (vii)

AND for the purpose of further harmonisation with Article 33, paragraph 4, fourth intend, of the act of the European Union titled ‘Directive 2011/61/ΕU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/ΕC and 2009/65/ΕC and Regulations (EC) No 1060/2009 and (ΕU) No 1095/2010’, (viii)

The House of Representatives has adopted this Law:

(i) OJ No. L174, 1.7.2011, p. 1.

(ii) OJ No. L 83, 22.3.2013, p. 1. 

(iii) 8(I) of 2015

OJ No. 145, 31.5.2013, p.1

(iv) 8(I) of 2015

OJ No. 174, 1.7.2011, p.1

(v) 8(I) of 2015

(vi) 8(I) of 2015

(vii) 97(I) of 2015

(viii) 97(I) of 2015