CMS Guide to Passporting

Rules on Marketing Alternative Investment Funds in Europe

Feb 2018

The EU Commission promoted passporting rights as one of the key benefits for hedge, private equity, real estate and other alternative investment fund managers authorised under the Alternative Investment Fund Managers Directive (“AIFMD”).

However, we are now experiencing impediments to the passporting rights as certain domestic regulators are imposing ‘border controls’, and fund managers need to pay fees and comply with various other requirements in order to market their funds cross-border.

The diversity of the domestic rules makes it challenging for AIFMD authorised managers to assess the costs and various other requirements for penetrating the EU market. This guide provides a road map, which will hopefully assist managers in understanding the costs and other requirements under AIFMD, other EU directives and domestic regulations.

Publication
CMS Guide to Passporting
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PDF 7.2 MB

Authors

Picture of Benoît Vandervelde
Benoît Vandervelde
Counsel
Brussels
Photo of Andre Lebrecht
Dr André E. Lebrecht, LL.M.
Partner
Zurich
Daniel Voigt
Dr. Daniel Voigt, MBA
Partner
Frankfurt
Picture of Martin Zuffer
Martin Zuffer
Partner
Vienna
Picture of Philipp Mark
Philipp Mark
Attorney-at-Law
Vienna
Picture of Gregor Famira
Gregor Famira
Partner
Vienna
Petra Corba Stark
Petra Čorba Stark
Counsel
Bratislava
Picture of Ales Lunder
Aleš Lunder
Partner
Ljubljana
Picture of Jérome Sutour
Jérôme Sutour
Partner
Paris
Picture of Reinout Slot
Reinout Slot
Partner
Amsterdam
Picture of Clair Wermers
Clair Wermers
Counsel
Amsterdam
Picture of Paolo Bonolis
Paolo Bonolis
Partner
Rome
Picture of Maria Giovanna Pisani
Maria Giovanna Pisani
Counsel
Rome
Picture of Peter Simo
Peter Šimo
Partner
Bratislava
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