1.
Member States shall ensure that an authorised EU AIFM may manage non-EU AIFs which are not marketed in the Union provided that: the AIFM complies with all the requirements established in this Directive except for Article 21 and 22 in respect of those AIFs; and appropriate cooperation arrangements are in place between the competent authorities of the home Member State of the AIFM and the supervisory authorities of the third country where the non-EU AIF is established in order to ensure at least an efficient exchange of information that allows competent authorities of the home Member State of the AIFM to carry out their duties in accordance with this Directive.
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Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.