Further to our blog post of 15 July 2015, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) has published some of the responses it received to its consultation paper on whether an investment firm and an offeror of investment funds can function within the same group. The AFM issued the consultation paper following concerns that conflicts of interest could arise where an investment firm (managing assets) invests on behalf of its clients in an alternative investment fund or UCITS that is managed by an entity within the same group.

View the five responses to the AFM’s consultation paper (available in Dutch only), 15 September 2015.