Best Funds & Asset Management Lawyers in Peristeri

About Funds & Asset Management Law in Peristeri, Greece

Peristeri follows Greece’s national regulatory framework for funds and asset management. This regime governs how investment funds are formed, marketed, and supervised within Greece and the EU context. Local residents and businesses in Peristeri engage with UCITS funds and Alternative Investment Funds (AIFs) under the oversight of Greek regulators and EU directives.

Two common fund structures seen in Greece are UCITS funds, which are typically aimed at retail investors, and AIFs, which target professional or institutional investors. Both require clear governance, investor protection terms, and robust compliance programs. In Peristeri, many fund projects also involve real estate or small business investments that are financed through asset management vehicles coordinated from the Attica region.

For anyone in Peristeri considering fund investment or formation, legal support helps with drafting fund documentation, meeting disclosure requirements, and ensuring ongoing regulatory compliance. Guidance from a lawyer or solicitor with Greece-specific experience improves the likelihood of a smooth registration and marketing process. See government resources for a general overview of regulatory expectations and investor rights, and consider international guidance on best practices for funds and asset managers Gov.gr and a broad international perspective from OECD.

Greece implements EU standards for collective investment undertakings to protect investors and promote transparent fund management.

Recent years have seen Greece align its national rules with EU directives affecting funds, including enhanced reporting, governance, and AML controls. This ongoing alignment influences how funds operate in Peristeri and how managers interact with investors across the country. For practical guidance on the regulatory landscape, consult official Greek guidance and international summaries from trusted organizations.

Why You May Need a Lawyer

• Setting up a UCITS fund in Peristeri - You need tailored fund rules, a prospectus, and disclosures that comply with Greek and EU standards. A lawyer reviews the structure, governance, investment restrictions, and risk disclosures to minimize regulatory risk.
• Creating a local asset management company - Forming or licensing a management company requires corporate documents, fit-and-proper assessments, and supervision approvals. A solicitor ensures the formation documents and governance policies satisfy regulatory expectations.
• Drafting fund documents and offering materials - Prospectuses, key investor information, and subscription agreements must be precise and compliant. An attorney helps avoid ambiguities that trigger investor disputes or regulatory scrutiny.
• Regulatory filings and licensing - Marketing funds to Greek investors or abroad requires regulatory notifications and licensing decisions. Legal counsel coordinates filings, ongoing reporting, and compliance frameworks.
• Cross-border marketing and distribution - If you plan to market Greek funds to other EU member states, you need to understand cross-border rules, documentation requirements, and local distributor agreements. A lawyer can manage this process to reduce cross-border risk.
• Investor disputes or fee disputes - If a dispute arises over performance, fees, or clawbacks, legal counsel helps with contract interpretation, negotiations, and potential litigation or regulatory complaints.

Local Laws Overview

Greece regulates funds under both EU directives and national law. The core EU instruments are UCITS and AIFMD, which shape national implementations and licensing obligations for managers, depositaries, and marketing.

• UCITS Directive (Directive 2009/65/EC) - This directive governs undertakings for collective investment in transferable securities. It sets requirements for fund governance, liquidity, risk management, and investor protection. In Greece, implementation has been supported by national measures and amendments since the early 2010s. See national guidance on fund regulation and investor protections through official Greek channels Gov.gr.
• AIFMD (Directive 2011/61/EU) - This directive regulates managers of alternative investment funds and the marketing of these funds to professional investors. Greece implemented AIFMD through national legislation and related supervisory rules in the 2010s. For Greece-specific information, refer to official government resources and general EU summaries Gov.gr.
• AML/CFT framework (EU directives and Greek implementing measures) - Asset managers in Peristeri must comply with anti-money laundering and counter-terrorist financing requirements. Greece has implemented EU AML standards through national law and supervisory guidance. See international and government resources for AML guidance and compliance steps Gov.gr and OECD.

Recent changes and trends - Greece has modernized its framework to improve governance, transparency, and cross-border distribution in line with EU directives. Expect updates to reporting, investor disclosures, and AML controls as the regulatory posture evolves. For up-to-date summaries, consult government guidance and OECD analyses.

Frequently Asked Questions

What is a UCITS fund?

A UCITS fund is a regulated investment vehicle aimed at retail investors. It operates under strict diversification, liquidity, and governance rules set by EU directives. You typically buy shares in the fund rather than a direct slice of its assets.

How do I start a fund in Peristeri?

You generally need a clear structure, a licensed asset management company, a depositary arrangement, and regulatory approvals. A lawyer coordinates documents, filings, and compliance checks with Greek authorities.

What documents are required for a fund prospectus?

A fund prospectus includes risk disclosures, investment policy, fees, liquidity terms, and governance details. Legal counsel drafts and reviews these components to meet EU and Greek requirements.

How long does it take to register a Greek fund?

Registration times vary by fund type and complexity. Government filings, regulatory review, and marketing approvals may span several weeks to several months.

Do I need a licensed asset management company in Peristeri?

Yes. Managing a fund generally requires licensing or delegation to a licensed management company. A lawyer helps ensure the right licensing path and compliance framework.

Is cross-border marketing of Greek funds allowed?

Yes, but it requires documentation, disclosures, and regulatory compliance for each target market. A lawyer coordinates cross-border registrations, prospectus translations, and distributor agreements.

Can a non-EU investor invest in Greek funds?

Non-EU participation is possible in some fund structures, but it involves additional KYC, AML, and regulatory considerations. A lawyer guides the eligibility and documentation.

What are typical management fees for funds in Greece?

Fees vary by fund type and strategy. A lawyer can verify fee disclosures, clawback provisions, and alignment with investor protection rules.

Do UCITS funds require a custodian bank?

Yes. UCITS funds typically rely on a custodian for safekeeping and oversight. Legal counsel coordinates this arrangement and related contractual terms.

What is the difference between UCITS and AIF in Greece?

UCITS funds target retail investors with standardized diversification and liquidity rules. AIFs target professional or institutional investors and offer greater flexibility in strategy and leverage, under EU and national supervision.

How do I ensure AML compliance for a Greek fund?

AML compliance involves customer due diligence, ongoing monitoring, and reporting suspicious activity. A lawyer helps implement policy frameworks, staff training, and audit trails.

What should I check before hiring a funds lawyer in Peristeri?

Check relevant fund experience, familiarity with UCITS and AIFMD, track record with Greek regulatory filings, and clear communication about pricing and timelines.

Additional Resources

• Gov.gr - Official Greek government portal for regulatory guidance, licensing processes, and investor information related to financial services and funds. Gov.gr
• OECD - International analyses and guidance on investment funds, governance, and market practices relevant to asset management across OECD member countries. OECD
• Banking and financial stability discussions (BIS) - Global banking regulatory context that shapes fund governance and risk management practices. BIS

Next Steps

1. Define your objective - Decide whether you want to set up a UCITS fund, an AIF, or another asset management vehicle in Peristeri. This will determine the regulatory path and documentation you need.
2. Consult a Funds & Asset Management solicitor - Engage a lawyer with Greece-specific fund experience to review structure, governance, and compliance options. Schedule an initial assessment within 2 weeks.
3. Identify the fund structure and key roles - Determine whether you need a management company, a custodian, and a depository, and outline the governance framework. Aim to finalize structure in 3-6 weeks.
4. Prepare essential documents - Develop draft fund rules, prospectus or offering documents, subscription agreements, and risk disclosures. Allow 4-8 weeks for drafting and internal approvals.
5. Complete regulatory filings - Submit required registrations and approvals with the relevant Greek authorities and, if applicable, cross-border notifications. Plan for 4-12 weeks depending on complexity.
6. Set up compliance programs - Implement AML/KYC procedures, internal controls, and ongoing reporting frameworks. This should be implemented before launching marketing activities.
7. Launch and monitor - After approval, commence marketing within the permitted scope and monitor performance, compliance, and investor communications. Schedule quarterly reviews with your counsel.