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Article L532-28 of the French Monetary and Financial Code

In this section and for the application of the provisions relating to AIFM established in a third country : 1° The AIFM is the legal person whose regular business is the management of one or more AIF; 2° The reference Member State of an AIFM established in a third country is the Member State whose authorities are competent to authorise and supervise the AIFM under the conditions defined by decree…

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