A qualifying holding is defined in the AIFM Directive as “an direct or indirect holding in an AIFM which represents 10% or more of the capital or of the voting rights, as set out in Articles 9 and 10 of" the Transparency Directive “taking into account the conditions regarding aggregation of the holding laid down in Article 12(4) and (5) thereof, or which makes it possible to exercise a significant influence over the management of the AIFM in which that holding subsists”.
The definition of a qualifying holding is relevant for the conditions for authorisation under the AIFM Directive.
