Version Superseded: 31/12/2020
Point in time view as at 22/07/2013. This version of this provision has been superseded.
The Alternative Investment Fund Managers Regulations 2013, Section 14 is up to date with all changes known to be in force on or before 02 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.
14.—(1) This regulation applies when the FCA receives a notification of an intention to market a new fund under Article 16 of the EuSEF Regulation or Article 15 of the EuVECA Regulation.
(2) The FCA must determine within 20 working days of receiving the notification whether the fund is a qualifying social entrepreneurship fund or, as the case may be, a qualifying venture capital fund.
(3) If the FCA determines that the fund is not a qualifying social entrepreneurship fund or, as the case may be, a qualifying venture capital fund—
(a)the FCA must inform the AIFM concerned; and
(b)the AIFM may refer the matter to the Tribunal.
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