U.S. Funds and Europe: The New Dawn

January 2012

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Including:

  • Private Placements Under The Directive
    • Definition of Professional Investor
    • Restrictions on Private Placement
    • Timing
    • Reverse Solicitation 
  • The Transparency and Reporting Requirements
    • Article 22- Annual Report
    • Article 23 - Disclosure to Investors
    • Article 24 - Reporting Obligations to Competent Authorities
    • Article 26 - Rules Relating to the Acquisition of Substantial Stakes in EU Companies
  • Additional Points to Consider
    • Identifying the "Home Member State"
    • Prior Approval of Marketing
    • Extension of the Passport
    • Use of Marketing Firms
    • EU Managers
    • Exempt Funds
    • Partial Exemption for Small Funds
    • Exemption for Certain Closed-Ended Funds in Run-Off or with a Limited Life
    • Availability of Co-Operation Agreements

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