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Version date: 21 April 2014 - onwards

General Question 4: Authorised or registered AIFMs [last update 21 May 2014]

The definition of a financial counterparty provided in Article 2(8) of EMIR includes AIFs which are managed by authorised or registered AIFMs. Which entities does the definition exactly cover?

General Answer 4

The definition of a financial counterparty should be understood as covering the following entities:

1. EU AIFs managed by authorised EU AIFMs.

2. EU AIFs managed by registered EU AIFMs.

3. Non-EU AIFs managed by authorised EU AIFMs.

4. Non-EU AIFs managed by registered EU AIFMs.

5. EU AIFs managed by authorised non-EU AIFMs (subject to extension of the passport).

6. Non-EU AIFs managed by authorised non-EU AIFMs (subject to extension of the passport).