Regulatory Alerts2014-08-25
Added · Updated
Federal Act enacting the Alternative Investment Fund Managers Act (AIFMG)
The Austrian Federal Government enacted the Alternative Investment Fund Managers Act to transpose EU Directive 2011/61/EU into national law, establishing a comprehensive regulatory framework for Alternative Investment Fund Managers. The legislation mandates authorization, strict operating conditions, and transparency requirements for AIFMs managing EU and non-EU funds, while defining specific rules for marketing activities and supervisory cooperation. It also sets leverage limits, governance standards, and provisions for the marketing of funds to retail investors under the oversight of the Financial Market Authority.
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