The AIFMD EU Distribution passport is one of the major advantages conferred by the AIFMD.
The activity of “marketing” is defined in AIFMD as “a direct or indirect offering or placement at the initiative of the AIFM or on behalf of the AIFM of units or shares in an AIF it manages to or with investors domiciled or with a registered office in the European Union”, and even offerings or placements not undertaken by or on behalf of the AIFM, but at its initiative. As the definition says, it covers both direct and indirect offerings or placements and not only covers activities of the AIFM but also those of others such as intermediaries or placement agents acting “on behalf of the AIFM”.
Since the implementation of AIFMD in late July 2013, an EU authorised AIFM has a "passport" to freely market its EU domiciled AIFs to “professional investors” in its own Member State and in other EU Member States, subject to a straightforward notification process. In other words, once the AIFM is authorised in one EU Member State it does not need any further authorisation in any other EU Member State to market its EU AIFs to professional investors in those Member States apart from a notification and in some jurisdictions payment of a fee. Unlike under the UCITS regime, the passport does not attach to the AIF. It is a passport granted to the AIFM.
As a client of Oneworld Plus Management your fund will gain access to a single EU-wide passport that is recognized by each EU country and accepted by national regulators.
We are fully licensed under the AIFMD which offers your fund the opportunity to market in any EU markets without the need to have a physical presence in these countries.
We undertake the marketing notification into the EU countries of your choice.
Alternative Investment Funds managed by Oneworld Plus Management as the AIFM benefit from the EU/EEA AIFMD marketing passport
- Unrestricted marketing across the EU/EEA
- No need to apply for authorisation under national private placement regimes
- Avoid risks of reverse solicitation
- Full regulatory compliance