ESMA_QA_1072
12/06/2023
Subject Matter
Scope of activities that an AIFM may carry out in a host Member State
Original question
When an AIFM intends to provide the activities and services for which it has been authorised in a host Member State, either directly or through a branch, may that AIFM passport in that host Member State only the other functions that an AIFM may additionally perform in the course of the collective management of an AIF, which are referred to in point (2) of Annex I to the AIFMD, without also passporting investment management functions?
Status: Question Published
Additional Information
Level 1 Regulation
Alternative Investment Fund Managers Directive (AIFMD) Directive 2011/61/EU
Additional Legal Reference
Article 33 of Directive 2011/61/EU
Topic
AIFMD scope