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 managing both EU and non-EU alternative investment funds while setting specific leverage and transparency obligations. It further delineates the powers of the Financial Market Authority as the competent supervisory authority and outlines cross-border marketing rights and cooperation mechanisms within the European Union.
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