On 24 June 2014, secondary legislation on RTS determining the type of alternative investment fund manager ("AIFM") managing a fund was published in the Official Journal of the European Union. The legislation supplements the Alternative Investment Fund Managers Directive, providing detail on when an AIFM will be considered to be managing an open-ended or close-ended fund.
The RTS are available at: http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L:2014:183:FULL&from=EN.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
