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AIFMD Distribution Registration

A unique solution empowering managers to navigate local distribution requirements

National Private Placement Regime (NPPR)

Currently the most effective way to market into Europe as a non-EEA Alternative Investments Funds (AIF) is under the National Private Placement Regime (NPPR). The NPPR offers managers a dedicated program to facilitate the registration of a non-EEA AIF wishing to market their AIF to qualified investors in Europe. Laven works with 17 law firms throughout Europe.

Laven facilitates this registration in two stages.

Compliance with Article 42 of the Alternative Investment Fund Managers Directive (AIFMD)

We will amend the private placement memorandum (PPM) of the non-EEA AIF to ensure compliance with the AIFMD disclosure requirements. We will also verify that appropriate cooperation arrangements are in place between the relevant authorities. Finally, we will verify that the non-EEA AIF and the Firm are not domiciled in a country listed on the Financial Action Task Force list of countries.

Compliance with Article 42 of the Alternative Investment Fund Managers Directiv

Local Registration/Notification

Once the PPM amendments have been reviewed and agreed upon by the Firm, and compliance with Article 42 of the AIFMD has been duly verified, we will proceed in assisting the Firm with the registration or notification process with the local regulators of the relevant jurisdication. Our assistance will include the preparation of the application and the drafting of the notification or registration form and follow-up with the local regulator.

Local Registration/Notification

Each EU country has implemented the AIFMD National Private Placement Rules (NPPR) differently.

Therefore the level of complexity for fund registration varies depending on the country.The following map demonstrated the varying levels of registration complexity based on the country.

Each EU country has implemented the AIFMD National Private Placement Rules (NPPR) differently.

Level of Registration Complexity per country

An overview of the AIFMD process requirements in some of the main European countries is provided in the selector below.

Frequently asked questions

The following FAQs have been created to assist following the best practice standards and adhere to the relevant regulatory requirements.