The Alternative Investment Fund Managers Regulations 2013 No. 1773

[F1 PART 6 U.K. Marketing of AIFs

Textual Amendments

F1 Regulations revoked (14.12.2023 for the revocation of reg. 79) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(vi)

CHAPTER 1 U.K. General Provisions

References in this Part to an AIFM or an investment firm marketing an AIF U.K.

45.   For the purposes of this Part—

(a) an AIFM markets an AIF when the AIFM makes a direct or indirect offering or placement of units or shares of an AIF managed by it to or with an investor domiciled or with a registered office in [F2 the United Kingdom or Gibraltar], or when another person makes such an offering or placement at the initiative of, or on behalf of, the AIFM;

(b) an investment firm markets an AIF when it makes a direct or indirect offering or placement of units or shares of the AIF to or with an investor domiciled or with a registered office in [F2 the United Kingdom or Gibraltar] at the initiative of, or on behalf of, the AIFM of that AIF.]

Textual Amendments

F2 Words in reg. 45 substituted (31.12.2020) by The Alternative Investment Fund Managers (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/328), regs. 1(3), 10(1) (as amended by S.I. 2019/325, reg. 58); 2020 c. 1, Sch. 5 para. 1(1)