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  1. #1663346

    ciallaíonn “AIFM AE” AIFM AE mar a shainmhínítear i bpointe (l) d'Airteagal 4(1) de Threoir 2011/61/AE;

    ‘EU AIFM’ means EU AIFM as defined in point (l) of Article 4(1) of Directive 2011/61/EU;

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  2. #1663397

    Ní fhéadfaidh údarás inniúil an ELTIF formheas a dhiúltú maidir le hiarratas AIFM AE ar ELTIF a bhainistiú ach amháin i gcás ina bhfuil an méid seo a leanas fíor i leith an AIFM AE:

    The competent authority of the ELTIF may refuse to approve the application of an EU AIFM to manage an ELTIF only where the EU AIFM:

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  3. #1783300

    Coinníollacha maidir le réamh-mhargú san Aontas ag BCIM AE

    Conditions for pre-marketing in the Union by an EU AIFM

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  4. #1783317

    Áiritheoidh BCIM AE go ndéanfar doiciméadú leordhóthanach ar réamh-mhargú.

    An EU AIFM shall ensure that pre-marketing is adequately documented.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  5. #1796552

    CIM faoi bhainistiú BCIM AE atá údaraithe faoi Airteagal 6 de Threoir 2011/61/AE;

    an AIF managed by an EU AIFM authorised under Article 6 of Directive 2011/61/EU;

    Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No 648/2012 (Text with EEA relevance.)

  6. #1813201

    bainisteoirí cistí infheistíochta malartacha AE (AIFM AE) arna n-údarú i gcomhréir le Treoir 2011/61/AE.

    EU alternative investment fund managers (EU AIFM) authorised in accordance with Directive 2011/61/EU.

    Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP) (Text with EEA relevance)

  7. #1813270

    An tsaoirse chun seirbhísí a sholáthar agus an tsaoirse bhunaíochta a fheidhmiú ag IORPanna agus AIFM AE

    Exercise of the freedom to provide services by IORPs and EU AIFM

    Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP) (Text with EEA relevance)

  8. #3188022

    ‘Má shainaithnítear an tríú tír ina bhfuil an BCIM neamh-AE bunaithe mar thríú tír ardriosca de bhun Airteagal 9(2) de Threoir (AE) 2015/849, dá dtagraítear sa chéad fhomhír, pointe (e), nó má chuirtear í le hIarscríbhinn I a ghabhann leis na conclúidí ón gComhairle maidir le liosta athbhreithnithe an Aontais de dhlínsí neamh-chomhoibríocha chun críoch cánach, dá dtagraítear sa chéad fhomhír, pointe (f), tar éis thráth údaraithe an BCIM neamh-AE, déanfaidh an BCIM neamh-AE, laistigh de thréimhse iomchuí, na bearta sin is gá chun an cás a réiteach i leith na CIManna atá á mbainistiú aige, agus aird chuí á tabhairt ar leasanna na n-infheisteoirí. Ní bheidh an tréimhse sin níos faide ná 2 bhliain.’;

    ‘If the third country where the non-EU AIFM is established is identified as a high-risk third country pursuant to Article 9(2) of Directive (EU) 2015/849, as referred to in the first subparagraph, point (e), or is added to Annex I to the Council conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes, as referred to in the first subparagraph, point (f), after the time of authorisation of the non-EU AIFM, the non-EU AIFM shall, within an appropriate period, take such measures as are necessary to rectify the situation in respect of the AIFs that it manages, taking due account of the interests of investors. That period shall be no longer than two years.’;

    Directive (EU) 2024/927 of the European Parliament and of the Council of 13 March 2024 amending Directives 2011/61/EU and 2009/65/EC as regards delegation arrangements, liquidity risk management, supervisory reporting, the provision of depositary and custody services and loan origination by alternative investment funds

  9. #1663406

    Ní bheidh údarú mar ELTIF faoi réir ceanglais go mbainisteoidh AIFM AE arna údarú i mBallstát baile an ELTIF an tELTIF, nó go saothróidh nó go dtarmligfidh AIFM AE aon ghníomhaíochtaí i mBallstát baile an ELTIF.

    Authorisation as an ELTIF shall not be subject to a requirement that the ELTIF be managed by an EU AIFM authorised in the home Member State of the ELTIF or that the EU AIFM pursue or delegate any activities in the home Member State of the ELTIF.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  10. #1783234

    Ba cheart d'údaráis inniúla Bhallstát baile an BCIM AE údaráis inniúla na mBallstát ina bhfuil nó ina raibh réamh-mhargú orthu sin curtha ar bun ag an BCIM AE a chur ar an eolas go pras.

    The competent authorities of the home Member State of the EU AIFM should promptly inform the competent authorities of the Member States in which the EU AIFM is or has engaged in pre-marketing thereof.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  11. #1783313

    Déanfaidh údaráis inniúla Bhallstát baile an BCIM AE údaráis inniúla na mBallstát ina bhfuil nó ina raibh réamh-mhargú curtha ar bun ag an BCIM AE ar an eolas go pras.

    The competent authorities of the home Member State of the EU AIFM shall promptly inform the competent authorities of the Member States in which the EU AIFM is or was engaged in pre-marketing.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  12. #2732635

    Féadfaidh AIFM AE a bhainistíonn ELTIF agus gnóthais ar leis an ngrúpa céanna leis an AIFM AE sin iad, agus a bhfoireann, comhinfheistíocht a dhéanamh san ELTIF sin agus comhinfheistíocht a dhéanamh leis an ELTIF sa tsócmhainn chéanna ar choinníoll go bhfuil socruithe eagraíochtúla agus riaracháin curtha i bhfeidhm ag bainisteoir an ELTIF atá ceaptha chun coinbhleachtaí leasa a shainaithint, a chosc agus a bhainistiú agus chun faireachán a dhéanamh orthu agus ar choinníoll go nochttar coinbhleachtaí leasa den sórt sin go leordhóthanach.”;

    An EU AIFM managing an ELTIF and undertakings that belong to the same group as that EU AIFM, and their staff, may co-invest in that ELTIF and co-invest with the ELTIF in the same asset provided that the manager of the ELTIF has put in place organisational and administrative arrangements designed to identify, prevent, manage and monitor conflicts of interest and provided that such conflicts of interest are adequately disclosed.’ ;

    Regulation (EU) 2023/606 of the European Parliament and of the Council of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds and the scope of eligible investment assets, the portfolio composition and diversification requirements and the borrowing of cash and other fund rules (Text with EEA relevance)

  13. #3249710

    Agus fógra á thabhairt d’údaráis inniúla a Bhallstáit baile maidir le gach CIM an Aontais atá beartaithe ag BCIM an Aontais a mhargú sa Bhallstát baile i gcomhréir le hAirteagal 31(2) de Threoir 2011/61/AE, úsáidfidh BCIM an Aontais an tsamhail a leagtar amach in Iarscríbhinn I a ghabhann leis an Rialachán seo.

    When notifying the competent authorities of its home Member State of each EU AIF that the EU AIFM intends to market in the home Member State in accordance with Article 31(2) of Directive 2011/61/EU, an EU AIFM shall use the model set out in Annex I to this Regulation.

    Commission Implementing Regulation (EU) 2024/913 of 15 December 2023 laying down implementing technical standards for the application of Directive 2011/61/EU of the European Parliament and of the Council with regard to the form and content of the information to be notified in respect of the cross-border activities of alternative investment fund managers and the exchange of information between competent authorities on cross-border notification letters

  14. #3249711

    Agus fógra á thabhairt d’údaráis inniúla a Bhallstáit baile maidir le gach CIM an Aontais atá beartaithe ag BCIM an Aontais a mhargú i mBallstát seachas a Bhallstát baile i gcomhréir le hAirteagal 32(2) de Threoir 2011/61/AE, úsáidfidh BCIM an Aontais an tsamhail a leagtar amach in Iarscríbhinn II a ghabhann leis an Rialachán seo.

    When notifying the competent authorities of its home Member State of each EU AIF that the EU AIFM intends to market in Member States other than its home Member State in accordance with Article 32(2) of Directive 2011/61/EU, an EU AIFM shall use the model set out in Annex II to this Regulation.

    Commission Implementing Regulation (EU) 2024/913 of 15 December 2023 laying down implementing technical standards for the application of Directive 2011/61/EU of the European Parliament and of the Council with regard to the form and content of the information to be notified in respect of the cross-border activities of alternative investment fund managers and the exchange of information between competent authorities on cross-border notification letters

  15. #754931

    údarás inniúil BCIM AE a bhainistíonn CIM neamh-AE, i gcás ina margaítear CIM neamh-AE san Aontas le pas, nó nach ndéantar é a mhargú san Aontas;

    the competent authority of the EU AIFM managing the non-EU AIF, where the non-EU AIF is marketed in the Union with a passport or is not marketed in the Union;

    Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (Text with EEA relevance. )

  16. #754932

    údarás inniúil an Bhallstáit tagartha i gcás nach mbainistíonn BCIM AE CIM neamh-AE agus ina ndéantar é a mhargú san Aontas le pas;

    the competent authority of the Member State of reference if the non-EU AIF is not managed by an EU AIFM and is marketed in the Union with a passport;

    Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (Text with EEA relevance. )

  17. #1663383

    faisnéis faoi na straitéisí infheistíochta, faoin bpróifíl riosca agus faoi shaintréithe eile AIFanna a údaraítear don AIFM AE a bhainistiú.

    information about the investment strategies, the risk profile and other characteristics of AIFs that the EU AIFM is authorised to manage.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  18. #1663385

    Tabharfaidh údarás inniúil AIFM AE freagra laistigh de 10 lá oibre ón dáta a bheidh an iarraidh arna cur isteach ag údarás inniúil an ELTIF faighte aige.

    The competent authority of the EU AIFM shall provide an answer within 10 working days from the date on which it received the request submitted by the competent authority of the ELTIF.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  19. #1663402

    Sula ndiúltóidh sé iarratas a fhormheas, rachaidh údarás inniúil an ELTIF i gcomhairle le húdarás inniúil AIFM AE.

    Before refusing to approve an application, the competent authority of the ELTIF shall consult the competent authority of the EU AIFM.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  20. #1783228

    Chun dul i ngleic leis na héagsúlachtaí sin, ba cheart sainmhíniú comhchuibhithe ar réamh-mhargú a chur ar fáil agus ba cheart na coinníollacha faoinar féidir le BCIM AE páirt a ghlacadh i réamh-mhargú a bhunú.

    To address those divergences, a harmonised definition of pre-marketing should be provided and the conditions under which an EU AIFM can engage in pre-marketing should be established.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  21. #1783301

    Áiritheoidh na Ballstáit go bhféadfaidh BCIM AE údaraithe páirt a ghlacadh i réamh-mhargú san Aontas, ach amháin i gcás ina mbaineann an méid seo a leanas leis an bhfaisnéis arna cur i láthair d'infheisteoirí gairmiúla féideartha:

    Member States shall ensure that an authorised EU AIFM may engage in pre-marketing in the Union, except where the information presented to potential professional investors:

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  22. #1796551

    ciste infheistíochta malartach (CIM) faoi bhainistiú bainisteoirí cistí infheistíochta malartacha de chuid an Aontais Eorpaigh (BCIM AE) atá cláraithe faoi Airteagal 3(3) de Threoir 2011/61/AE;

    an AIF managed by an EU AIFM registered under Article 3(3) of Directive 2011/61/EU;

    Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No 648/2012 (Text with EEA relevance.)

  23. #1796553

    CIM faoi bhainistiú BCIM neamh-AE atá údaraithe faoi Airteagal 37 de Threoir 2011/61/AE;

    an AIF managed by a non-EU AIFM authorised under Article 37 of Directive 2011/61/EU;

    Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No 648/2012 (Text with EEA relevance.)

  24. #1796554

    CIM neamh-AE faoi bhainistiú BCIM neamh-AE atá údaraithe i gcomhréir le hAirteagal 42 de Threoir 2011/61/AE;

    a non-EU AIF managed by a non-EU AIFM and marketed in accordance with Article 42 of Directive 2011/61/EU;

    Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No 648/2012 (Text with EEA relevance.)

  25. #2732426

    De thoradh ar chomhinfheistíochtaí den sórt sin ag AIFM AE agus ag eintitis chleamhnaithe eile ar leis an ngrúpa céanna iad, táthar in ann comhthiomsuithe caipitil níos mó a mhealladh lena n-infheistiú i dtionscadail ar mhórscála.

    Such co-investments by the EU AIFM and other affiliate entities that belong to the same group allow for the attraction of larger pools of capital for investments in large-scale projects.

    Regulation (EU) 2023/606 of the European Parliament and of the Council of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds and the scope of eligible investment assets, the portfolio composition and diversification requirements and the borrowing of cash and other fund rules (Text with EEA relevance)

  26. #2732595

    “Gan dochar do mhír 1, déanfaidh AIFM AE a bhfuil feidhm aige chun ELTIF atá bunaithe i mBallstát eile a bhainistiú an doiciméadacht seo a leanas a sholáthar d’údarás inniúil an ELTIF:”;

    ‘Without prejudice to paragraph 1, an EU AIFM that applies to manage an ELTIF established in another Member State shall provide the competent authority of the ELTIF with the following documentation:’;

    Regulation (EU) 2023/606 of the European Parliament and of the Council of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds and the scope of eligible investment assets, the portfolio composition and diversification requirements and the borrowing of cash and other fund rules (Text with EEA relevance)

  27. #2732643

    20 % dá chaipiteal in aonaid nó scaireanna aon ELTIF, EuVECA, EuSEF, GCUI nó AIF AE aonair arna bhainistiú ag AIFM AE;

    20 % of its capital in units or shares of any single ELTIF, EuVECA, EuSEF, UCITS or EU AIF managed by an EU AIFM;

    Regulation (EU) 2023/606 of the European Parliament and of the Council of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds and the scope of eligible investment assets, the portfolio composition and diversification requirements and the borrowing of cash and other fund rules (Text with EEA relevance)

  28. #2732657

    Ní fhéadfaidh ELTIF níos mó ná 30 % d’aonaid nó de scaireanna ELTIF, EuVECA, EuSEF, GCUI nó AIF AE aonair arna bhainistiú ag AIFM AE a fháil.

    An ELTIF may acquire no more than 30 % of the units or shares of a single ELTIF, EuVECA, EuSEF, UCITS or of an EU AIF managed by an EU AIFM.

    Regulation (EU) 2023/606 of the European Parliament and of the Council of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds and the scope of eligible investment assets, the portfolio composition and diversification requirements and the borrowing of cash and other fund rules (Text with EEA relevance)

  29. #3188019

    ní shainaithnítear an tríú tír ina bhfuil an BCIM neamh-AE bunaithe mar thríú tír ardriosca de bhun Airteagal 9(2) de Threoir (AE) 2015/849;

    the third country where the non-EU AIFM is established is not identified as a high-risk third country pursuant to Article 9(2) of Directive (EU) 2015/849;

    Directive (EU) 2024/927 of the European Parliament and of the Council of 13 March 2024 amending Directives 2011/61/EU and 2009/65/EC as regards delegation arrangements, liquidity risk management, supervisory reporting, the provision of depositary and custody services and loan origination by alternative investment funds

  30. #1663207

    Dá bhrí sin, níor cheart go mbeadh incháilithe chun bheith ina ELTIF ach AIF AE de réir mar a shainmhínítear i dTreoir 2011/61/AE agus níl sin amhlaidh ach ar choinníoll go bhfuil sé á bhainistiú ag AIFM AE atá údaraithe i gcomhréir le Treoir 2011/61/AE.

    Accordingly, only an EU AIF as defined in Directive 2011/61/EU should be eligible to become an ELTIF and only if it is managed by an EU AIFM that has been authorised in accordance with Directive 2011/61/EU.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  31. #1663349

    ciallaíonn “bainisteoir an ELTIF” AIFM AE údaraithe atá formheasta chun ELTIF, nó an tELTIF a bhainistítear go hinmheánach, a bhainistiú i gcás ina gceadaíonn foirm dhlíthiúil an ELTIF bainistíocht inmheánach agus i gcás nach bhfuil aon AIFM seachtrach ceaptha;

    ‘manager of the ELTIF’ means the authorised EU AIFM approved to manage an ELTIF, or the internally managed ELTIF where the legal form of the ELTIF permits internal management and where no external AIFM has been appointed;

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  32. #1663378

    Ní fhéadfaidh ach AIFM AE arna údarú faoi Threoir 2011/61/AE iarratas a chur chuig údarás inniúil an ELTIF ar fhormheas chun bainistiú a dhéanamh ar ELTIF a mbeidh údarú iarrtha ina leith i gcomhréir le mír 1.

    Only an EU AIFM authorised under Directive 2011/61/EU may apply to the competent authority of the ELTIF for approval to manage an ELTIF for which authorisation is requested in accordance with paragraph 1.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  33. #1663379

    I gcás gurb ionann údarás inniúil an ELTIF agus údarás inniúil AIFM AE, déanfaidh iarratas den sórt sin ar fhormheas tagairt don doiciméadacht arna tíolacadh i gcomhair údarú faoi Threoir 2011/61/AE.

    In the event that the competent authority of the ELTIF is the same as the competent authority of the EU AIFM, such an application for approval shall refer to the documentation submitted for authorisation under Directive 2011/61/EU.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  34. #1663384

    Féadfaidh údarás inniúil an ELTIF soiléiriú a iarraidh ar údarás inniúil AIFM AE chomh maith le faisnéis faoin doiciméadacht dá dtagraítear sa dara fomhír nó fianú i dtaobh an dtagann ELTIFanna faoi réim údarú AIFM AE chun AIFanna a bhainistiú.

    The competent authority of the ELTIF may ask the competent authority of the EU AIFM for clarification and information as regards the documentation referred to in the second subparagraph or an attestation as to whether ELTIFs fall within the scope of the EU AIFM's authorisation to manage AIFs.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  35. #1663386

    Cuirfear in iúl d'iarratasóirí laistigh de dhá mhí ón dáta a chuirtear isteach iarratas iomlán i dtaobh an mbeidh údarú mar ELTIF, lena n-áirítear formheas le haghaidh AIFM AE chun an tELTIF a bhainistiú, tugtha.

    Applicants shall be informed within two months from the date of submission of a complete application whether authorisation as an ELTIF, including approval for the EU AIFM to manage the ELTIF, has been granted.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  36. #1663395

    tá sé tar éis iarratas ó AIFM AE arna údarú i gcomhréir le Treoir 2011/61/AE a fhormheas chun an tELTIF, rialacha nó ionstraimí corpraithe an chiste, agus rogha an taiscí a bhainistiú.

    has approved the application of an EU AIFM authorised in accordance with Directive 2011/61/EU to manage the ELTIF, the fund rules or instruments of incorporation, and the choice of the depositary.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  37. #1663396

    I gcás ina ndéanann AIF AE iarratas de bhun Airteagal 5(5) den Rialachán seo, ní dhéanfaidh an t-údarás inniúil AIF AE a údarú ach amháin i gcás gur deimhin leis go gcomhlíonann AIF AE seo ceanglais an Rialacháin seo agus Threoir 2011/61/AE maidir le húdarú AIFM AE.

    In the event that an EU AIF makes an application pursuant to Article 5(5) of this Regulation, the competent authority shall authorise the EU AIF only where it is satisfied that the EU AIF complies with both the requirements of this Regulation and of Directive 2011/61/EU regarding the authorisation of an EU AIFM.

    Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance)

  38. #1783232

    Ba cheart a mheas gur de thoradh an mhargaithe aon suibscríobh ag infheisteoirí gairmiúla, laistigh de 18 mí tar éis don BCIM AE tús a chur le réamh-mhargú, le haonaid nó scaireanna CIM dá dtagraítear san fhaisnéis a soláthraíodh i gcomhthéacs an réamh-mhargaithe, nó aon CIM arna bhunú de thoradh an réamh-mhargaithe, agus ba cheart iad a mheas a bheith faoi réir na nósanna imeachta um fhógra a thabhairt dá dtagraítear i dTreoir 2011/61/AE.

    Any subscription by professional investors, within 18 months of the EU AIFM having begun pre-marketing, to units or shares of an AIF referred to in the information provided in the context of pre-marketing, or of an AIF established as a result of the pre-marketing, should be considered to be the result of marketing and should be subject to the applicable notification procedures referred to in Directive 2011/61/EU.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  39. #1783233

    Chun a áirithiú gur féidir le húdaráis inniúla náisiúnta smacht ar réamh-mhargú ina mBallstát a fheidhmiú, ba cheart do BCIM AE litir neamhfhoirmiúil a sheoladh, taobh istigh de choicís ó thús a chur leis an réamh-mhargú, i bhfoirm páipéir nó go leictreonach, chuig údaráis inniúla a Bhallstáit baile, ina sonrófar inter alia cad iad na Ballstáit ina gcuireann nó inar chuir sé réamh-mhargú ar bun, na tréimhsí ina bhfuil an réamh-mhargú ag tarlú nó inar tharla sé, agus lena n-áirítear, i gcás inarb ábhartha, liosta a CIManna agus deighleoga CIManna atá nó a bhí mar ábhair an réamh-mhargaithe.

    To ensure that national competent authorities can exercise control over pre-marketing in their Member State, an EU AIFM should send, within two weeks of having begun pre-marketing, an informal letter, in paper form or by electronic means, to the competent authorities of its home Member State, specifying inter alia in which Member States it is or has engaged in pre-marketing, the periods during which the pre-marketing is taking or has taken place and including, where relevant, a list of its AIFs and compartments of AIFs which are or were the subject of pre-marketing.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  40. #1783297

    ciallaíonn ‘réamh-mhargú’ soláthar díreach nó indíreach faisnéise nó cumarsáide, faoi straitéisí infheistíochta nó smaointe infheistíochta a dhéanann BCIM AE, nó a dhéantar thar a cheann, d'infheisteoirí gairmiúla ionchasacha a bhfuil sainchónaí orthu san Aontas nó a bhfuil oifig chláraithe acu san Aontas d'fhonn a suim in CIM nó i ndeighleog, nach bhfuil bunaithe fós, nó atá bunaithe, ach nár tugadh fógra faoina mhargú go fóill i gcomhréir le hAirteagal 31 nó le hAirteagal 32, a thástáil, sa Bhallstát sin ina bhfuil sainchónaí ar na hinfheisteoirí ionchasacha nó ina bhfuil a n-oifig chláraithe, agus i ngach cás, nach tairiscint ná láithriú don infheisteoir ionchasach é go ndéanfadh sé infheistíocht i n-aonaid nó i scaireanna den CIM sin nó den urrann sin;”;

    “pre-marketing” means provision of information or communication, direct or indirect, on investment strategies or investment ideas by an EU AIFM or on its behalf, to potential professional investors domiciled or with a registered office in the Union in order to test their interest in an AIF or a compartment which is not yet established, or which is established, but not yet notified for marketing in accordance with Article 31 or 32, in that Member State where the potential investors are domiciled or have their registered office, and which in each case does not amount to an offer or placement to the potential investor to invest in the units or shares of that AIF or compartment;’;

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  41. #1783308

    Áiritheoidh na Ballstáit nach mbeidh ceangal ar BCIM AE fógra a thabhairt d'údaráis inniúla maidir le hinneachar nó le seolaithe an réamh-mhargaithe, ná aon choinníollacha nó ceanglais a chomhlíonadh seachas iadsan a leagtar amach san Airteagal seo, sula dtugann sé faoin réamh-mhargú.

    Member States shall ensure that an EU AIFM is not required to notify the competent authorities of the content or of the addressees of pre-marketing, or to fulfil any conditions or requirements other than those set out in this Article, before it engages in pre-marketing.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  42. #1783310

    Measfar gur de thoradh an mhargaithe aon suibscríbhinn ag infheisteoirí gairmiúla, laistigh de 18 mí tar éis don BCIM AE tús a chur le réamh-mhargú, le haonaid nó scaireanna CIM dá dtagraítear san fhaisnéis a soláthraíodh i gcomhthéacs an réamh-mhargaithe, nó CIM arna bhunú de thoradh an réamh-mhargaithe, agus beidh siad faoi réir an nós imeachta um fhógra a thabhairt is infheidhme dá dtagraítear in Airteagail 31 agus 32.

    Any subscription by professional investors, within 18 months of the EU AIFM having begun pre-marketing, to units or shares of an AIF referred to in the information provided in the context of pre-marketing, or of an AIF established as a result of the pre-marketing, shall be considered to be the result of marketing and shall be subject to the applicable notification procedures referred to in Articles 31 and 32.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  43. #1783311

    Áiritheoidh na Ballstáit go gcuirfidh BCIM AE, laistigh de 2 sheachtain tar éis dó tús a chur leis an réamh-mhargú, litir neamhfhoirmiúil, i bhfoirm páipéir nó trí mheáin leictreonacha, chuig údaráis inniúla a Bhallstáit baile.

    Member States shall ensure that an EU AIFM sends, within two weeks of it having begun pre-marketing, an informal letter, in paper form or by electronic means, to the competent authorities of its home Member State.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  44. #1783314

    Féadfaidh údaráis inniúla an Bhallstáit ina dtarlaíonn nó inar tharla an réamh-mhargú a iarraidh go gcuirfeadh údaráis inniúla Bhallstát baile an BCIM AE faisnéis bhreise ar fáil maidir leis an réamh-mhargú atá ag tarlú nó a tharla ina chríoch.

    The competent authorities of the Member State in which pre-marketing is taking or has taken place may request the competent authorities of the home Member State of the EU AIFM to provide further information on the pre-marketing that is taking or has taken place on its territory.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  45. #1783315

    Ní rachaidh tríú páirtí i mbun réamh-mhargú thar ceann BCIM AE údaraithe ach amháin i gcás ina bhfuil sé údaraithe mar ghnólacht infheistíochta i gcomhréir le Treoir 2014/65/AE ó Pharlaimint na hEorpa agus ón gComhairle, mar institiúid chreidmheasa i gcomhréir le Treoir 2013/36/AE ó Pharlaimint na hEorpa agus ón gComhairle, mar chuideachta bhainistíochta GCUI i gcomhréir le Treoir 2009/65/CE, mar BCIM i gcomhréir leis an Treoir seo, nó i gcás ina ngníomhaíonn sé i gcomhréir le Treoir 2014/65/AE.

    A third party shall only engage in pre-marketing on behalf of an authorised EU AIFM where it is authorised as an investment firm in accordance with Directive 2014/65/EU of the European Parliament and of the Council, as a credit institution in accordance with Directive 2013/36/EU of the European Parliament and of the Council, as a UCITS management company in accordance with Directive 2009/65/EC, as an AIFM in accordance with this Directive, or acts as a tied agent in accordance with Directive 2014/65/EU.

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  46. #1783325

    Áiritheoidh na Ballstáit go bhféadfaidh BCIM AE fógra a chur ar ceal maidir le socruithe arna ndéanamh i gcomhair margú i ndáil le haonaid nó scaireanna de roinnt dá CIManna nó díobh go léir i mBallstát a bhfuil fógra tugtha aige ina leith i gcomhréir le hAirteagal 32, i gcás ina bhfuil na coinníollacha seo a leanas go léir á gcomhlíonadh:

    Member States shall ensure that an EU AIFM may de-notify arrangements made for marketing as regards units or shares of some or all of its AIFs in a Member State in respect of which it has made a notification in accordance with Article 32, where all the following conditions are fulfilled:

    Directive (EU) 2019/1160 of the European Parliament and of the Council of 20 June 2019 amending Directives 2009/65/EC and 2011/61/EU with regard to cross-border distribution of collective investment undertakings (Text with EEA relevance.)

  47. #1796555

    CIM neamh-AE nach margaítear san Aontas faoi bhainistiú BCIM neamh-AE atá bunaithe i dtríú tír a chumhdaítear faoi ghníomh tarmligthe dá dtagraítear in Airteagal 67(6) de Threoir 2011/61/AE;

    a non-EU AIF not marketed in the Union and managed by a non-EU AIFM established in a third country that is covered by a delegated act referred to in Article 67(6) of Directive 2011/61/EU;

    Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No 648/2012 (Text with EEA relevance.)

  48. #1813034

    I gcás inar IORP nó Bainisteoir Cistí Infheistíochta Malartacha AE (AE AIFM) é an soláthraí TPPUnna, ba cheart dó taisclann a cheapadh i dtaca leis na sócmhainní a chomhfhreagraíonn don ghnólacht a sholáthraíonn TPPUnna a choinneáil slán.

    Where the PEPP provider is an IORP or an EU Alternative Investment Fund Manager (EU AIFM), it should appoint a depositary in relation to the safekeeping of the assets corresponding to the PEPP provision business.

    Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP) (Text with EEA relevance)

  49. #1813036

    Chun an leibhéal is airde cosanta do thomhaltóirí a áirithiú i dtaca le sócmhainní a chomhfhreagraíonn don ghnólacht a sholáthraíonn TPPUnna a choinneáil slán, leis an Rialachán seo, ceanglaítear ar IORPanna agus ar AIFM AE a sholáthraíonn TPPU go gcomhlíonfaidís rialacha Threoir 2009/65/CE ó Pharlaimint na hEorpa agus ón gComhairle a mhéid a bhaineann le ceapadh na taisclainne, le forghníomhú a cúraimí agus lena dualgais formhaoirseachta.

    In order to ensure the highest level of investor protection in relation to the safekeeping of assets corresponding to the PEPP provision business, this Regulation requires IORPs and EU AIFM providing PEPP to follow the rules of Directive 2009/65/EC of the European Parliament and of the Council as regards the appointment of the depositary, the execution of its tasks and its oversight duties.

    Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European Personal Pension Product (PEPP) (Text with EEA relevance)

  50. #3187937

    ní mó ná EUR 50 billiún nó a choibhéis in aon airgeadra eile méid comhiomlán na sócmhainní i margadh taisclainne náisiúnta Bhallstát baile an CIM a chuirtear ar iontaoibh lena slánchoimeád, dá dtagraítear i mír 8 den Airteagal seo, thar ceann CIManna AE atá údaraithe nó cláraithe faoin dlí náisiúnta is infheidhme i gcomhréir le hAirteagal 4(1), pointe (k)(i), agus atá á mbainistiú ag BCIM AE.

    the aggregate amount in the national depositary market of the home Member State of the AIF of assets entrusted for safe-keeping, as referred to in paragraph 8 of this Article, on behalf of EU AIFs authorised or registered under the applicable national law in accordance with Article 4(1), point (k)(i), and managed by an EU AIFM does not exceed EUR 50 billion or the equivalent in any other currency.

    Directive (EU) 2024/927 of the European Parliament and of the Council of 13 March 2024 amending Directives 2011/61/EU and 2009/65/EC as regards delegation arrangements, liquidity risk management, supervisory reporting, the provision of depositary and custody services and loan origination by alternative investment funds