Regulatory AlertsFederal 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 statute defines the scope of application, authorization requirements, and operational standards for AIFMs managing EU and non-EU funds, including specific rules for leverage, depositaries, and transparency. It further regulates the marketing of AIF units to retail investors and outlines the supervisory powers and cooperation obligations of the Austrian Financial Market Authority (FMA) and ESMA.
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