3. — Directive 2011/61/EU of the European Parliament and of the Council of 8 June…

3.

Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 Text with EEA relevance · European Union

The competent authorities of the home Member State of the AIFM shall refuse authorisation where the effective exercise of their supervisory functions is prevented by any of the following: close links between the AIFM and other natural or legal persons; the laws, regulations or administrative provisions of a third country governing natural or legal persons with which the AIFM has close links; difficulties involved in the enforcement of those laws, regulations and administrative provisions.

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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.