Modification of the Alternative Investment Fund Managers Regulations 2013
11.—(1) The Alternative Investment Fund Managers Regulations 2013(1) are modified as follows.
(2) In respect of a manager to whom regulation 8 applies—
(a)regulation 10(4) (small registered UK AIFMs) has effect as if for sub-paragraph (c) there were substituted—
“(c)is treated as registered as a manager of a qualifying venture capital fund under Article 14 of the EuVECA Regulation, in accordance with regulation 8 of the European Venture Capital Funds (Amendment) (EU Exit) Regulations 2018.”;
(b)Part 3 (small AIFMs) has effect as if regulations 11 to 13 were omitted.
(3) In respect of a fund to which regulation 9 applies, Part 3B (qualifying social entrepreneurship funds and qualifying venture capital funds)(2) has effect as if regulations 23D and 23E were omitted.
Part 3B (regulations 23D to 23F) was inserted by S.I. 2018/134.