SPACs in the AIFMD Context
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RIS BIB ENDNOTESPACs in the AIFMD Context
Publication date: 30.09.2022
Financial Law Review, 2022, Issue 27 (3)/2022, pp. 33 - 49
https://doi.org/10.4467/22996834FLR.22.019.16528Authors
SPACs in the AIFMD Context
The growth in the use of Special Purpose Acquisition Companies (SPACs) within the context of the European market economy has been particularly evident in recent months. When structuring SPACs, the question of whether and when SPACs fulfil the objective criteria of the activities indicative of the characteristics of their specific management under the Alternative Investment Fund Managers Directive (AIFMD), arises. SPACs are, in fact, similar in their basics to the alternative investment funds established under this directive and whose investment strategy is directed towards private equity. The aim of this paper is to answer the presented question, which is crucial for current financial market practice. If the intended investment structure of SPACs fulfils the criteria of the AIFMD, it can only be structured under the rules (and restrictions) arising from respective regulations. Any misconduct is otherwise severely sanctioned.
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Information: Financial Law Review, 2022, Issue 27 (3)/2022, pp. 33 - 49
Article type: Original article
Department of Financial Law and Economics, Faculty of Law, Masaryk University in Brno, Czech Republic
Published at: 30.09.2022
Article status: Open
Licence: CC BY-NC-ND
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