The Alternative Investment Fund Managers Regulations 2013 No. 1773

PART 6 U.K. Marketing of AIFs

CHAPTER 1 U.K. General Provisions

Marketing by full-scope EEA AIFMs of certain AIFs U.K.

49.  A full-scope EEA AIFM may not market in the United Kingdom an AIF that does not fall within regulation 57(1) unless—

(a) in the case of marketing to a professional investor, the FCA has received a regulator's notice in relation to the marketing of the AIF in accordance with Schedule 3 to the Act (EEA passport rights); or

(b) in the case of marketing to a retail investor—

(i) the FCA has received a regulator's notice in relation to the marketing of the AIF in accordance with Schedule 3 to the Act; or

(ii) the FCA has approved the marketing in accordance with regulation 54 and has not suspended or revoked that approval.