As expected, the newly published AIFM Regulation gives no transitional rules for marketing of closed-ended AIFs when marketing is made under a PPM. This means that from 1 July, marketing of closed-ended AIFs to Norwegian investors will require notification to, or pre-approval from, the Financial Supervisory Authority of Norway (the FSAN), depending on the category of investors the AIF will be marketed to and the nationality of the AIF/AIFM (EEA/non-EEA). The different marketing scenarios are described further in our previous news letter: AIFMD: Marketing of AIFs in Norway post implementation 1 July 2014.
For further information please contact:
Klaus Henrik Wiese-Hansen (Partner) firstname.lastname@example.org + 47 22 81 46 85 / + 47 92 80 69 86
Christina Riisnes (Associate) email@example.com + 47 22 81 45 33 / +47 48 01 65 33