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Deadline Approaches – Non-EEA Fund Managers Must Consider Their Options

The Alternative Investment Fund Managers Directive (2011/61/EU) (the "Directive") and the supplementary level 2 Regulation (EU) No 231/2013 (the "Regulation") introduce an authorisation regime and centralised rulebook for the management and marketing within the European Economic Area (the "EEA")1 of alternative investment funds ("AIFs") by alternative investment fund managers ("AIFMs").

Under the Directive, non-EEA AIFMs will be required to comply with the Directive in the event that they seek to: manage one or more EEA AIFs; or market one or more AIFs managed by them to professional investors in the EEA, irrespective of the domicile of such AIFs.

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