The Alternative Investment Fund Managers (Amendment etc.) (EU Exit) Regulations 2019U.K.
This section has no associated Explanatory Memorandum
13. In the Alternative Investment Fund Managers (Amendment etc.) (EU Exit) Regulations 2019—
(a)in regulation 10(8)(b), omit paragraph (ii);
(b)in regulation 20(3)(a)(v), for paragraph (aa), substitute—
“(aa)for paragraph (b) of the new definition of “UK AIFM” substitute—
“(b)has its registered office in a third country but has been given permission by the FCA under Part 4A of the Act to carry on the regulated activity of managing an AIF.””;
(c)in regulation 36(8)(c)(i), before subparagraph (aa) insert—
“(zaa)for “EU AIFs” substitute “UK and EU AIFs;”.
Commencement Information
I1Reg. 13 in force at 31.12.2020 immediately before IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)