|
By Marie-Christine O’MAHONY, Senior Managing Associate (Luxembourg), Investment Funds, and Zornitsa WIELAND, Managing Associate, Tax, Munich, Linklaters
Who can invest in your funds? At first glance, it sounds like a straightforward question. In practice, it is one of the key questions that shapes the entire fund lifecycle, from vehicle choice and prospectus drafting through to marketing and ongoing compliance. Investor classification is one of the key organising principles of European fund regulation. This article takes a practical look at what investor classification means today under MiFID II, AIFMD and the product regimes, both within and beyond the EU, and why it deserves closer attention than it usually gets.
MiFID II: a pyramid...
|