Subsection 1: Specific rules concerning third countries for the management of FIAs

In the case provided for in Article L. 532-33, the Autorité des marchés financiers shall participate, with the competent authorities of the other possible reference Member States, in the joint procedure for designating, within one month, the reference Member State provided for in Article 37 of Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011. Where France is designated as the reference Member State, the…

In the notification referred to in I of Article L. 532-34, the Autorité des marchés financiers shall send the European Securities and Markets Authority the AIFM’s assessment of the reference Member State and information about its marketing strategy.

I. – The period referred to in Article L. 532-9 is suspended while the European Securities and Markets Authority examines the notification provided for in Article L. 532-37. II. – Where the Autorité des marchés financiers proposes to grant authorisation against the opinion of the European Securities and Markets Authority, it shall inform the latter in a reasoned decision. III. – When the Autorité des marchés financiers proposes to grant…

Pursuant to Article V of Article L. 532-39, in the event of a difference of opinion between the Autorité des marchés financiers and the European Securities and Markets Authority : 1° The Autorité des marchés financiers shall inform the European Securities and Markets Authority in a reasoned decision ; 2° Where the AIFM markets units or shares of AIFs that it manages in Member States other than France, the AMF…