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By Marie-Thérèse WICH, Lawyer, Senior Associate – GSK Stockmann
With the recent introduction of a European pre-marketing legal framework in the member states of the European Union (“EU”) which applies since August 2nd, 2021 common provisions for the advertisement of alternative investment funds (“AIFs”) to professional investors before the actual marketing process were established. The EU legislators’ intention was to create a consistent pre-marketing approach within all EU member states to better protect investors however the newly established provisions also cause practical problems to some extent in its adoption for AIFMs and initiators.
The Directive (EU) 2019/1160 of 20 June 2019 with regard to cross-border distribution of collective...
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