Foreign Account Tax Compliance Act (FATCA) Implications for Banks

In addition, the marketing provisions of the AIFM Directive do not apply to the marketing of AIF’s shares or units that are subject to a current offer to the public on an EU-regulated stock exchange under a prospectus that has been drawn up and published in accordance with the Prospectus Directive (Directive 2003/71/EC) before mid-2013, as long as this prospectus is still valid. Small and mid-sized AIFMs falling below the de minimis thresholds4 are expected to be allowed to continue marketing cross-border in the EU under national PPRs, subject to additional conditions set by the Directive. This may continue to be...
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Foreign Account Tax Compliance Act (FATCA) Implications for Banks