Notes on the Notion of the Marketing of SICAF’s Shares and Capital Raising

Chiara Mosca

Banca Impresa Società, 2021, issue 3, 359-396

Abstract: The SICAF is a collective investment undertaking according to the AIFM directive. It is a FIA (alternative fund) but also a public limited company whose shares can be admitted to trading if so provided in the articles of incorporation. The marketing of shares is a mechanism to raise the company’ capital, often together with a public offer. It also raises issues in terms of cross-borders distributions of financial instruments and investor protection. Despite lacking a legislative definition, the activity plays an important role in understanding the activity of a collective investment undertaking within the framework of the directive.

Keywords: Alternative Investment Fund; Marketing of Shares; Investor Protection (search for similar items in EconPapers)
Date: 2021
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