Regulatory Alerts2020-10-19
Order on Authorization for Alternative Investment Fund Managers to Market Shares in Alternative Investment Funds from a Third Country in Denmark
The Danish Financial Supervisory Authority issued this order to establish the regulatory framework for Alternative Investment Fund Managers (AIFMs) seeking authorization to market shares in third-country AIFs to professional investors in Denmark. The regulation mandates specific application requirements, including business plans and proof of supervisory cooperation, while granting the Authority power to approve changes, enforce disclosure obligations, and revoke marketing permissions for non-compliance. It entered into force on January 1, 2021, replacing previous regulations and allowing existing authorized managers to continue operations under their prior permits.
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