Subsection 4: Responsibility of the competent authorities

I. – The provisions of article L. 532-21-3 are applicable to AIFM established in third countries. II. – The provisions of Article L. 532-25-1 are applicable to portfolio management companies which manage AIFs in third countries.

Where the AMF is the competent authority of the home Member State of an AIFM established in a third country and considers that the AIFM is not complying with the rules falling within its remit, it shall immediately notify the European Securities and Markets Authority, stating its reasons.

The Autorité des marchés financiers may, at the request of the European Securities and Markets Authority: 1° Prohibit the marketing, in the European Union, of units or shares of AIFs managed by managers established in third countries or of third-country AIFs managed by managers established in the European Union without the authorisation required in Article L. 532-30 or without the notification referred to in Articles L. 214-24-1 and L. 214-24-2…

In its capacity as home authority of an asset management company, the Autorité des marchés financiers shall forward a copy of the relevant cooperation arrangements it has entered into in accordance with Articles L. 214-24-1 and L. 532-36 to the host Member States of the asset management company concerned. The Autorité des marchés financiers shall transmit the information it has received from the supervisory authorities of third countries in accordance…