(a) An authorised Irish AIFM may market units or shares of any EU AIF that it manages to professional investors in the State as soon as the conditions specified in this Regulation are met.
(b) Where the EU AIF is a feeder AIF the right to market referred to in subparagraph (a) is subject to the condition that the master AIF is also an EU AIF which is managed by an authorised EU AIFM.
(2) The Irish AIFM shall notify the Bank of each EU AIF that it intends to market in the State. That notification shall comprise the documentation and information set out in Schedule 3.
(a) Within 20 working days following receipt of a complete notification file pursuant to paragraph (2), the Bank shall inform the Irish AIFM whether it may start marketing the EU AIF identified in the notification referred to in paragraph (2). The Bank shall prevent the marketing of the EU AIF only if the Irish AIFM's management of the EU AIF does not or will not comply with these Regulations or the Irish AIFM other
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