Any expression used in this Schedule which is used in the alternative investment fund managers directive F4, and not referred to in paragraph 1B, has the same meaning as in that directive.

For the purposes of paragraph 1, in Article 4(1)(o) of the alternative investment fund managers directive (definition of “holding company”) the reference to the Union is to be read as a reference to the United Kingdom.

In this Schedule—

“parent undertaking” has the meaning given by section 1162 of the Companies Act 2006 M1 (read with Schedule 7 to that Act);

“subsidiary” has the meaning given to “subsidiary undertaking” by that section (read with that Schedule).

A small registered UK AIFM, in respect of the AIFs managed by it by virtue of which it is entitled to be registered as a small registered UK AIFM (but not in respect of any other AIFs managed by it).

The trustees and managers of an occupational pension scheme within the meaning of section 1(1) of the Pension Schemes Act 1993F6.

F7... The European Investment Bank, the European Investment Fund, a bilateral development bank, the World Bank, the International Monetary Fund F8or any other supranational institution or similar international organisation, F9... in the event that such institution or organisation manages AIFs and in so far as those AIFs act in the public interest.

A national central bank.

A national, regional or local government or body or other institution which manages funds supporting social security and pension systems.

A holding company.

An employee participation scheme or employee savings scheme.

A securitisation special purpose entity.

An AIFM, the registered office of which is not in F10the United KingdomF2, that is registered in the United Kingdom in accordance with F11Part 3 of the Alternative Investment Fund Managers Regulations 2013 .