The Venture Capital Funds (Amendment) (EU Exit) Regulations 2019, Section 11 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
11.—(1) The Alternative Investment Fund Managers Regulations 2013 M1 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) M2 has effect as if regulations 23D and 23E were omitted.
Commencement Information
I1Reg. 11 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(1)
Marginal Citations
M2Part 3B (regulations 23D to 23F) was inserted by S.I. 2018/134.
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