Regulatory Alerts2022-12-19
Order on Authorization for Alternative Investment Fund Managers to Market to Retail Investors
The Danish Financial Supervisory Authority issued this order to establish the regulatory framework and authorization requirements for Alternative Investment Fund Managers (AIFMs) marketing funds to retail investors in Denmark. It mandates that AIFMs obtain prior approval, submit comprehensive documentation including PRIIPs Key Information Documents, and adhere to strict risk management, transparency, and investor protection standards. The regulation also outlines procedures for ongoing reporting, handling changes, and the potential suspension or termination of marketing activities in case of non-compliance.
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