(e)
if the non-EU AIFM intends to market only one EU AIF, but in different Member States, the Member State of reference is determined as follows: if the AIF is authorised or registered in a Member State, the home Member State of the AIF or one of the Member States where the AIFM intends to develop effective marketing; or if the AIF is not authorised or registered in a Member State, one of the Member States where the AIFM intends to develop effective marketing;
← art_37__para_4__point_d__text_1 · All articles · art_37__para_4__point_e__text_1 →
Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.