AIFMD likewise contains third nation acknowledgment systems for the use of AIFMD promoting travel permit to non-EU AIFM or non-EU AIF. Designated acts should be embraced by the European Commission, following a positive counsel conveyed by ESMA. The AIFMD contains a lot of subtle elements to cover instances of non-EU AIFM and non-EU AIFs promoting in Europe. Once withdrawal from Europe comes into effect, the United Kingdom will become a third country for the purposes of the AIFMD and UK AIFM and AIF will be subject to relevant rules provided for by the directive.
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