{
  "url": "https://openlegislation.uk/eu-directive-2011-61/article-11",
  "json_url": "https://openlegislation.uk/eu-directive-2011-61/article-11.json",
  "legislation": "eudr/2011/61",
  "legislation_title": "Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2011-61",
  "path": "article/11",
  "kind": "article",
  "number": "11",
  "heading": "Withdrawal of the authorisation",
  "text": "The competent authorities of the home Member State of the AIFM may withdraw the authorisation issued to an AIFM where that AIFM:\n(a) does not make use of the authorisation within 12 months, expressly renounces the authorisation or has ceased the activity covered by this Directive for the preceding 6 months, unless the Member State concerned has provided for authorisation to lapse in such cases;\n(b) obtained the authorisation by making false statements or by any other irregular means;\n(c) no longer meets the conditions under which authorisation was granted;\n(d) no longer complies with Directive 2006/49/EC if its authorisation also covers the discretionary portfolio management service referred to in point (a) of Article 6(4) of this Directive;\n(e) has seriously or systematically infringed the provisions adopted pursuant to this Directive; or\n(f) falls within any of the cases where national law, in respect of matters outside the scope of this Directive, provides for withdrawal.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2011/61/article/11",
    "retrieved_at": "2026-11-01T15:22:00.140396+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}