Articles 37 -56 of  the recently enacted Law 4706 2020 (the AIF Provisions set a modern and flexible legal framework for the establishment, operation and marketing of contractual Alternative Investment Funds mutual AIFs enabling the creation of private equity, hedge and real estate AIFs, outside the scope of existing legislation on mutual funds pursuant to the UCITS Directive.

Until the entry into force of Law 4706 2020 Law 4209 2013 transposing AIFMD in Greek Law AIFM Law provided for the establishment of managers of mutual AIFs in Greece, but not of mutual AIFs.

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