A Guide to Passporting – Rules on Marketing Alternative Investment Funds in Europe

Austria
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The Alternative Investment Fund Managers Directive (AIFMD) promotes passporting rights as a key benefit for hedge, private equity, real estate and other Alternative Investment Fund Managers (AIFMs). In practice, however, AIFMs are experiencing impediments to passporting because some domestic regulators are imposing 'border controls', fees and additional compliance requirements. The latest edition of the Passporting Guide helps AIFMs navigate the new legislation and understand the complexities of cross-border fund management under AIFMD, other European Directives and domestic regulations.