(16)This Directive should not apply to AIFMs in so far as they manage AIFs whose only investors are the AIFMs themselves or their parent undertakings, their subsidiaries or other subsidiaries of their parent undertaking and where those investors are not themselves AIFs.
◷
New version applies from 13/01/2019 — introduced by Directive (EU) 2016/2341, Securitisation Regulation.
115 provisions change.
Later versions: 26/06/2021, 02/08/2021, 09/01/2024, 17/01/2025, 16/04/2026.
Recital 16 changes in this version: compare with the current text.