(34)However, if the institution works on a cross-border basis, it may be asked by the competent authorities of the host Member State to apply limits for investment in shares and similar assets not admitted to trading on a regulated market, in shares and other instruments issued by the same undertaking or in assets denominated in non-matching currencies provided such rules also apply to institutions located in the host Member State.
◷
New version applies from 21/07/2011 — introduced by Alternative Investment Fund Managers Directive (AIFMD).
45 provisions change.
Later versions: 20/06/2013, 13/01/2019.
Recital 34 changes in this version: compare with the current text.