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European passport for asset management companies

UCITS asset management companies and Alternative Investment Fund Managers (AIFMs) may provide services in another Member State under the freedom to provide services or through a branch. The authorisation to provide management services on a cross-border basis in Member States arises following a notification procedure by the FMA and is also known as “European passporting”. Furthermore there is also additionally the possibility, once a notification has been made, to also sell individual fund-based products on a cross-border basis.