The Alternative Investment Fund Managers Regulations 2013

[F1Grounds for suspension of registrationU.K.

This section has no associated Explanatory Memorandum

19.(1) If one of the grounds in paragraph (2) is met, the FCA may suspend the registration of a small registered UK AIFM for a specified period, until the occurrence of a specified event, or until specified conditions are complied with.

(2) The grounds are that it appears to the FCA that—

(a)the AIFM does not meet a condition in regulation 10(2), (3) or, as the case may be, (4);

(b)the AIFM has contravened, or is likely to contravene, an implementing provision, or a requirement imposed by the EuSEF Regulation or the EuVECA Regulation, that applies to it.

(3) In this regulation “specified” means specified by the FCA in a notice given under regulation 20.]

Textual Amendments

Modifications etc. (not altering text)

C1Reg. 19 modified (30.1.2024 for specified purposes) by The Securitisation Regulations 2024 (S.I. 2024/102), regs. 2(1)(e)(2), 34(5)(6)(b) (with Sch. 3)