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21.—(1) Schedule 2 is amended as follows.
(2) In paragraph 3—
(a)in sub-paragraph (2), in paragraph (a), for “provisions implementing Article 42 of the directive”, substitute “regulation 59 of these Regulations”;
(b)in sub-paragraph (7)—
(i)in the heading to new regulation 56, for “EEA” substitute “Gibraltar”;
(ii)in new regulation 56, for “EEA AIFM” substitute “Gibraltar AIFM”.
(3) In paragraph 4(1)(c)—
(a)for sub-paragraph (i) substitute—
“(i)an authorised person with permission under Part 4A of the Financial Services and Markets Act 2000 to carry on the regulated activity of managing an AIF, or registered under Part 3 of the principal regulations in respect of the AIF otherwise than by virtue of that notification.”;
(b)omit sub-paragraph (ii).
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