Skip to main content

  • AddRemove
  • Build a Report 

AIFM - 08. Withdrawal of authorisation


Back to Directive on Alternative Investment Fund Managers (AIFM) main page.

The competent authorities can withdraw authorisation in certain circumstances. These are where the AIFM:

  • does not make use of the authorisation within 12 months of being granted, expressly renounces the authorisation or has ceased the activity covered by the Directive for the preceding six months;
  • has obtained authorisation through false statements;
  • no longer fulfills the conditions under which authorisation was granted;
  • no longer complies with the requirements of the Capital Requirements Directive;
  • has seriously or systemically infringed the provisions of the Directive; or
  • within any of the cases where national law, in respect of matters outside the scope of the Directive, provides for withdrawal.1


Footnotes: 1. It is not clear what is meant by this final situation. It may mean that Member States can impose additional requirements provided they do not contradict the express provisions of the Directive, or it may address matters unrelated to the Directive such as criminality and insolvency.

Back to Directive on Alternative Investment Fund Managers (AIFM) main page.

The Build a Report feature requires the use of cookies to function properly.  Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently.  If you do not accept cookies, this function will not work.  For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.