CHAPTER IX

COMPETENT AUTHORITIES
SECTION 1

Designation, powers and redress procedures

Designation of competent authorities
Article 44
Member States shall designate the competent authorities which are to carry out the duties provided for in this Directive.
They shall inform ESMA and the Commission thereof, indicating any division of duties.
The competent authorities shall be public authorities.
Member States shall require that their competent authorities establish the appropriate methods to monitor that AIFMs comply with their obligations under this Directive, where relevant on the basis of guidelines developed by ESMA.