Non-EEA-based AIF managers

A foreign AIF manager based in a country outside the EEA is able to market units or shares in an alternative investment fund managed by a manager in Sweden. Authorisation is required by FI for such activities.

The following provides further information about FI's processing of matters under LAIF for non-EEA-based AIF managers and what should be included in an application.

Marketing of alternative investment funds to professional investors

A non-EEA-based AIF manager may apply for authorisation to market units or shares in an alternative investment fund to professional investors under Chapter 5, Section 10 LAIF.

An application should include

  1. an account of how the AIF manager intends to fulfil the requirements set out in Chapter 10, Sections 1 and 4–10, Chapter 11 and Chapter 13 Sections 2–5 LAIF,
  2. a business plan with information about the fund that is to be marketed and where it is established,
  3. the fund's fund rules, articles of association or equivalent regulations,
  4. information about where the master fund is established, if the marketing refers to a feeder fund to an alternative investment fund,
  5. information about where the master fund is established, if the marketing refers to a feeder fund to an alternative investment fund,
  6. a prospectus in accordance with Chapter 10, Section 1 LAIF.
  7. the most recent annual report, the most recent annual report, and
  8. information about the measures the AIF manager has adopted and taken to prevent units and shares in the alternative investment fund from being marketed to retail investors.

Fee

A fee of SEK 14,400 is to be paid to FI in conjunction with the application to bank giro 5050-6922. Indicate what the payment relates to as a message/reference.

Processing time

FI normally makes a decision within 60 days subject to the precondition that the application is complete. FI will start processing the matter when the fee has been paid.

About payment procedures

  • FI registers the application, which is assigned a reference number.
  • FI then sends an administrator letter, which specifies the reference number, the applicable fee and instructions for how to pay the fee.

Do not pay any fees until you have received the letter from your administrator and a reference number!

Last reviewed: 2017-01-27
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