[F1Grounds for suspension of registrationU.K.
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
F1Regulations revoked (14.12.2023 for the revocation of reg. 79) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(vi)
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)