Authorised AIFM definition

Authorised AIFM means an AIFM that is authorised pursuant to the AIFMD, as implemented in the AIFM’s home member or member state of reference, as applicable.
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Authorised AIFM means: (A) AIFMs established in Luxembourg whose AIF’s assets under management exceed in total either (i) EUR 100 million, including assets acquired through use of leverage or (ii) EUR 500 million, when the portfolio of assets managed consists of AIFs that are not leveraged and have no redemption rights exercisable during a period of 5 years following the date of the initial investment in each AIF (the thresholds under (i) and (ii) are referred to as the “AIFM Thresholds”) and (B) to legal entities established in Luxembourg that do not fall under any of the AIFM Thresholds but have applied for the full AIFM licence under the opt in regime.An External AIFM and an Internally Managed AIF do not benefit from the same range of AIFM Activities as clearly listed in the AIFM Law, the latter being much more restricted in terms of authorised activities under the AIFM Law than an External AIFM. The AIFM Law also authorises an AIFM to delegate certain of its AIFM Activities to a third party, provided, among others, that such delegation can be justified, is strictly controlled by the AIFM and does not result in the AIFM qualifying as a letter box entity. The purpose of this legal alert is to give an overview of the various AIFM Activities that an AIFM is authorised to perform when managing an AIF (I) and of the rules governing their delegation to a third party (II), it being understood that such delegation shall not be used by the AIFM to circumvent its liability towards the AIF(s) and its investors (III). For the purpose of this legal alert, the term “AIFM” collectively refers to External AIFM and Internally Managed AIF, qualifying as Authorised AIFM4 under the AIFM Law.
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Authorised AIFM means a legal person having its registered office in a member state of the European Union and being authorised as an AIFM (as such term is defined in the AIFMD) by the competent authority designated by such member state as the competent authority in such member state for the purposes of the AIFMD.
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Examples of Authorised AIFM in a sentence

  • Upon transmission of the notification file, the CSSF shall directly notify the Luxembourg Authorised AIFM about the transmission.

  • In the case of a positive decision, the Luxembourg Authorised AIFM may start marketing the AIFs in Luxembourg from the date of the CSSF’s notification to that effect.

  • Where the concerned AIF is an AIF established in an EU Member State other than Luxembourg, the CSSF shall also inform the competent authorities of the AIF, that the Luxembourg Authorised AIFM may start marketing units or shares of the AIF in Luxembourg.

  • The Luxembourg Authorised AIFM may start marketing the AIFs in the host EU Member State as of the date of that notification.

  • The offering document should also mention that the UCITS-like KIID shall be published on the website of the Registered or Authorised AIFM of the Luxembourg AIF and that it shall be available, upon request, in paper form.

  • It is understood that such Chapter 16 Manco has to act as Authorised AIFM for at least one AIF.

  • It is to be noted that in relation to the marketing in Luxembourg of Luxembourg AIFs managed by the Luxembourg Authorised AIFM, the provisions of article 29 only apply to non-regulated AIFs (i.e. not established under one of the Product Law(s));• the provisions of article 30 of the Law of 2013 which specify the conditions applicable to Luxembourg Authorised AIFMs marketing to professional investors in another EU Member State units or shares of EU AIFs they manage.

  • All these studies are applicable to SDFGs only through a conversion to an HSDFG described in Section 2.6. Maximum Cycle Mean (MCM) analysis or Maximum Cycle Ratio (MCR) analysis are then used to determine throughput.

  • The Chapter 16 Manco can also appoint an External AIFM (authorised or registered as the case may be) for the AIFs structured as FCP for which it is the management company.• A Chapter 16 Manco subject to article 125-2 of the Law of 2010 is required to obtain an authorisation as Authorised AIFM.

  • IF the Chapter 15 Manco has received the authorisation referred to in this paragraph, it has to act as Authorised AIFM for at least one AIF.A Chapter 15 ManCo appointing an External AIFM for all the AIFs it manages is not subject to the provisions of the Law of 2013.

Related to Authorised AIFM

  • Authorised Driver means any driver approved by Xxxxxx and whose name is noted in Rental Vehicle Agreement Part A as an authorised driver;

  • authorised party means the party referred to in Article XIII(3);

  • Authorised User means those employees, agents and independent contractors of the Customer who are authorised by the Customer to use the Services.

  • authorised entity means an Entity with whom the Client has entered into an Authorising Agreement pursuant to Clause 2A.1;

  • authorised person means the Client or any person (including any individual or entity) authorised by the Client to act on its behalf in the performance of any act, discretion or duty under this Agreement (including, for the avoidance of doubt, any officer or employee of such person) in a notice reasonably acceptable to the Custodian.

  • Authorised Dealer means a person authorised as an authorised dealer under subsection (1) of Section 10 of the Act ;

  • authorised agent means a passenger sales agent who has been appointed by us to represent us in the sale of air transportation on our services.

  • authorised bank means a bank or a branch of a bank authorised by the Central Government to collect the tax or any other amount payable under this Act;

  • Authorised Users means any of the following to whom You give permission to use the Software as part of Your BlackBerry Solution: (a) any of Your employees, consultants or independent contractors; (b) any friend or family member, or any person that resides in Your premises; and (c) any other person who RIM authorises in writing. Notwithstanding the foregoing, this Agreement does not convey the automatic right to have Your BlackBerry Server Software hosted by a third party. If You wish to do so, please contact RIM at: xxxxxxxxx@xxx.xxx. "BlackBerry Handheld Product", also known as "BlackBerry Device", means a device manufactured by or on behalf of RIM, including any such smartphone, smart card reader, tablet or BlackBerry Presenter and any other device expressly identified by RIM at xxxx://xxx.xxxxxxxxxx.xxx/legal/blackberrydevices_for_bbsla as a BlackBerry Handheld Product.

  • authorised taxi rank means any area of carriageway which is comprised within and indicated by a road marking complying with diagram 1028.2 in Schedule 6 to the Traffic Signs Regulations and General Directions 2002;

  • Authorised Persons means collectively all Event management, Venue management, Police, public bodies and agencies responsible for safety and security in connection with the Event or the Venue, and their respective staff, officials, representatives, officers and volunteers;

  • Authorised absence means that the school has either given approval in advance for a pupil of compulsory school age to be away from the school, or has accepted an explanation offered afterwards as justification for absence.

  • authorised scheme means Work No. 1A described in paragraph 2 of Part 1 of this licence;

  • Authorised Representative means any natural or legal person established within the Union who has received a written mandate from a manufacturer to act on his behalf in relation to specified tasks;

  • Authorised Signatories means any two authorised officers of the Issuer signing jointly.

  • Authorised Signatory means, in relation to any Obligor, any person who is duly authorised and in respect of whom the Administrative Agent has received a certificate signed by a director or another Authorised Signatory of such Obligor setting out the name and signature of such person and confirming such person’s authority to act.

  • Authorised “Directed” or “Approved” shall mean the authority, direction or approval of the Engineer.

  • authorised officer means any person authorised by the Environment Agency under section 108(1) of The Environment Act 1995 to exercise, in accordance with the terms of any such authorisation, any power specified in section 108(4) of that Act.

  • Authorised Third Party means a person authorised by you to initiate trades or close existing trades using your account details, as referred to in Clause 16.

  • Authorised Representatives means the duly authorised officers, directors, employees etc of either Party as recorded in Annex C;

  • authorised insurer means an insurer that holds an authorisation to carry on insurance business for the purposes of Directive 73/239/EEC or that is otherwise entitled to carry on non-life insurance business in the State;

  • authorised official means a person authorised to implement the provisions of this By-law, including but not limited to–

  • authorised development means the development and associated development described in Schedule 1 (authorised development) and any other development authorised by this Order, which is development within the meaning of section 32 of the 2008 Act;

  • authorised activities means the activities which the Licensee is authorised bythis licence to carry on, and shall include any purpose connected with the supply to any premises of heat produced in association with electricity and steam produced from air and water heated by such heat; and

  • Authorised Authority Representative means the Authority representative named in CCN as authorised to approve agreed Variations to the Contract.

  • Authorised Officers means an officer of each Partner appointed to be that Partner's representative for the purpose of this Agreement.