# The Alternative Investment Fund Managers (Amendment etc.) (EU Exit) Regulations 2019 (revoked) S.I. 2019/328 · made 19 February 2019 · revised to 29 August 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PDFs: Printed copy https://openlegislation.uk/alternative-investment-fund-managers-amendment-etc-eu-exit-regulations-2019-revoked/pdf/uksi_20190328_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/alternative-investment-fund-managers-amendment-etc-eu-exit-regulations-2019-revoked/pdf/uksiem_20190328_en.pdf ## Introductory text Exiting The European Union Financial Services Made 19th February 2019 Coming into force in accordance with regulation 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 1: Introduction ## 1 Citation and commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 2: Amendment of secondary legislation ### Chapter 1: Amendment of the Alternative Investment Fund Managers Regulations 2013 ## 2 Amendment of the Alternative Investment Fund Managers Regulations 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Introductory provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Authorisation of full-scope UK AIFMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 SEFs, RVECAs and small AIFMs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 ELTIFs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Operating conditions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Depositaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 AIFs and control . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Marketing of AIFs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Duties and powers of the FCA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Transfer of Directive Functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Application of provisions of the Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Transitional provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Final provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ### Chapter 2: Amendment of the Alternative Investment Fund Managers (Amendment) Regulations 2013 ## 16 Alternative Investment Fund Managers (Amendment) Regulations 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Consultation on rules for the purposes of Article 35 or 37 to 41 of the directive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Schedule 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Schedule 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 3: Amendment of EU delegated legislation ## 22 Commission Delegated Regulation (EU) No 231/2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Definitions and general . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 24 Operating conditions for AIFMs: general principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Conflicts of interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Risk management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Liquidity management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Investment in securitisation positions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Organisational requirements: general principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 Valuation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 Delegation of AIFM functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Depositary: particulars of written contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 Depositaries in third countries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 Depositary functions, due diligence duties and segregation obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 Loss of financial instruments, liability discharge and objective reasons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 Transparency requirements etc: annual report, disclosure and reporting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 Transparency requirements etc: AIFMs managing leveraged AIFs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 Rules relating to third countries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Exchange of information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 Final provisions and annexes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 Commission Implementing Regulation (EU) No 447/2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 Commission Implementing Regulation (EU) No 448/2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 Commission Delegated Regulation (EU) No 2015/514 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Explanatory note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/uksi/2019/328 (the official version) Page: https://openlegislation.uk/alternative-investment-fund-managers-amendment-etc-eu-exit-regulations-2019-revoked Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.