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Application of AIFMD to Non-EU Managers. * Some member states will not permit private placement into their markets or may impose additional requirements.

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  1. Application of AIFMD to Non-EU Managers * Some member states will not permit private placement into their markets or may impose additional requirements. ** Non-EU AIFM must acquire a prior authorisation from the regulator of the “Member State of reference” i.e. generally where the AIF is established or, if Non-EU, marketed. The jurisdiction of the Non-EU AIF/non-EU AIFM must have co-operation arrangements in place with the regulator of the AIFM’s Member State of reference. *** The Central Bank of Ireland has permitted a non-EU AIFM of an Irish QIAIF to seek authorisation in Ireland from July 22, 2013. www.dilloneustace.ie

  2. Application of AIFMD to EU Managers * Upon notificationby its home EU Member State regulator that the AIFM intends to manage AIFs directly or establish a branch ** Some member states will not permit private placement into their markets or may impose additional requirements. *** The supervisory authority of the Non-EU AIF must have co-operation arrangements in place with the regulator of the AIFM’s Member State of reference. www.dilloneustace.ie

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