professional investor

Defined in Article 4, Alternative Investment Fund Managers Directive (AIFMD)

Definitions over time (3)

1. 16/04/2026 – today applies on 11/11/2026 Article 4, Alternative Investment Fund Managers Directive (AIFMD) Scope: Whole act

   For the purpose of this Directive, the following definitions shall apply:

   ‘professional investor’ means an investor which is considered to be a professional client or may, on request, be treated as a professional client within the meaning of Annex II to Directive 2014/65/EU of the European Parliament and of the Council (^{2});

2. 26/06/2021 – 16/04/2026 Article 4, Alternative Investment Fund Managers Directive (AIFMD) Scope: Whole act

   For the purpose of this Directive, the following definitions shall apply:

   ‘professional investor’ means an investor which is considered to be a professional client or may, on request, be treated as a professional client within the meaning of Annex II to Directive 2004/39/EC;

3. 20/06/2013 – 13/01/2019 Article 4, Alternative Investment Fund Managers Directive (AIFMD) Scope: Whole act

   For the purpose of this Directive, the following definitions shall apply:

   ‘professional investor’ means an investor which is considered to be a professional client or may, on request, be treated as a professional client within the meaning of Annex II to Directive 2004/39/EC;

Used in (37 places in 22 provisions on 11/11/2026)

Alternative Investment Fund Managers Directive (AIFMD) (37 in 22)

Recital 10 · Recital 14 · Recital 15⁴ · Recital 18 · Recital 59 · Recital 62 · Recital 70 · Recital 71 · Recital 92³ · Article 4⁴ · Article 16² · Article 30a² · Article 31² · Article 32² · Article 35² · Article 36 · Article 39² · Article 40² · Article 42 · Article 43 · Article 69 · Annex IV