Definitions

  • Act on Collective Investment - Act no. 203 / 2011 Coll. on Collective Investment (Slovakia)
  • AFM - Authority for the Financial Markets (Autoriteit Financiële Markten) (The Netherlands)
  • AFMA - Act on Alternative Investment Fund Managers (Finland)
  • AIF - Alternative Investment Fund, defined in the AIFMD as:“A collective investment undertaking, including investment compartments of such an undertaking, which – raises capital from a number of investors, with a view to investing it in accordance with a defined investment policy for the benefit of these investors; and does not require authorisation pursuant to Article 5 of the UCITS directive”.
  • AIF Act - Act on Alternative Investment Funds (Cyprus)
  • AIFM - Alternative Investment Fund Manager, defined in the AIFMD as a legal person whose regular business is managing one or more AIFs
  • AIFM Act - Act on Alternative Investment Fund Managers (Cyprus)
  • AIFMA - Alternative Investment Fund Act (Austria)
  • AIFMD - Alternative Investment Fund Manager Directive of 8 June 2011 (2011 / 61 / EC)
  • AIFMSAs - Alternative Investment Funds Management Sociétés Anonymes (Greece)
  • AMF - French Financial Authority (Autorité des Marchés Financiers)
  • BaFin - Federal Financial Supervisory Authority (Germany)
  • BFSMA - Belgian Financial Services and Markets Authority
  • BoL - Bank of Lithuania
  • CBI - Central Bank of Ireland
  • CFA - Consolidated Financial Act (Italy)
  • CIS - Collective Investment Scheme(s)
  • CISOUCIA - Collective Investment Schemes and Other Undertakings for Collective Investments Act (Bulgaria)
  • CNMV - Spanish Securities Market Commission(Comisión Nacional del Mercado de Valores)
  • COBO - Control of Borrowing (Jersey) Order 1958
  • Consob - Italian Securities Market Supervisory Authority (Commissione Nazionale per le Societa e la Borsa)
  • CSSF - Commission de Surveillance du Secteur Financier (Luxembourg)
  • CySEC - Cyprus Securities and Exchange Commission
  • CySEC Marketing Directive - Cyprus Securities and Exchange Commission Directive on Marketing of AIFs
  • EEA - European Economic Area
  • EEA AIF - AIF which is registered or authorised in an EEA State under the applicable national law or which is not registered in an EEA State but has its registered office and / or head office in an EEA State
  • EEA AIFM - An AIFM which has its registered office in an EEA State
  • EFSA - Estonian Financial Supervision Authority
  • EFTA - European Free Trade Association
  • EU AIF - Alternative investment fund not governed by German law but by the law of an EEA member state.
  • EU AIFM - Alternative investment fund manager which has its registered office outside of Germany but within an EEA member state and which does not fulfil the de minimis exemptions mentioned in the AIFMD.
  • FATF - Financial Action Task Force
  • FCA - Financial Conduct Authority (United Kingdom)
  • FCMC - Financial and Capital Market Commission (Latvia)
  • Finanstilsynet - Financial Supervisory Authority (Norway)
  • FIN-FSA - Financial Supervisory Authority (Finland)
  • FINMA - Financial Market Supervisory Authority (Switzerland)
  • FMA - Financial Market Authority (Austria)
  • FSA - Financial Supervisory Authority (Denmark)
  • FSC - Financial Supervision Commission (Bulgaria)
  • FSMA - Financial Services and Markets Act 2000
  • FSMA - Financial Services and Markets Authority (Belgium)
  • GFSC - Guernsey Financial Services Commission
  • HANFA - Financial Services Supervisory Agency(Hrvatska agencija za nadzor financijskih usluga) (Croatia)
  • HCMC - Hellenic Capital Market Commission (Greece)
  • Investments Fund Act - Act XVI of 2014 on Collective Investment Forms and their Managers (Hungary)
  • ISA - Investment Services Act (Malta)
  • LAIFM - Law on Alternative Investment Funds and its Managers 2013 (Latvia)
  • LAIFMA - Luxembourg law transposing the AIFMD
  • MFSA - Malta Financial Services Authority
  • MNB - Central Bank of Hungary (Magyar Nemzeti Bank)
  • Non-EEA - Non-European Economic Area
  • Non-EEA AIF - An AIF not qualifying as an EEA AIF
  • Non-EU AIFM - An AIFM which has its registered office in a state which is not an EEA State
  • NPPR - National Private Placement Regime
  • Passport Regulations - Investment Services Act (Alternative Investment Fund Manager (Passport) Regulations) (Malta)
  • Professional Investor - Professional client within the meaning of Annex II to MiFID
  • RFSA - Romanian Financial Supervisory Authority
  • SAIFM Act - Swedish Alternative Investment Act
  • Semi-Professional Investor - Investor who commits himself to invest at least EUR 200,000 and positive assessment by AIFM regarding his sufficient expertise, experience and knowledge and suitability of investment for him (for more details see Section 1 para. 19 no. 33 German Capital Investment Code)
  • SFSA - Swedish Financial Supervisory Authority
  • Third Country Regulations - Investment Services Act (Alternative Investment Fund Manager)(Third Country) Regulations (Malta)
  • UCITS - Undertakings for Collective Investment in Transferable Securities