Authority to dissolve investment funds by the Authority Financial Markets

20/01/2015

This authority is granted for the purpose of consumer protection and only applies to investment funds of which units have been offered to non-professional investors. The investment fund may be dissolved by the court or the assets of the investment fund may be liquidated by one or more liquidators appointed by the court at the request of the AFM inter alia in the event that

(i) the license of the AIFM has been revoked;
(ii) the AIF or its AIFM has ceased its activities for a period of more than six months;
(iii) the AIF or its AIFM does not comply with the FSA; or
(iv) the AIF or its AIFM has not sufficiently given effect to an instruction (aanwijzing) of the AFM.