Regulation 18 Procedure on revocationF1

United Kingdom

(1)

~~If the FCA proposes to revoke the registration of a small registered~~ UK ~~AIFM on the grounds mentioned in regulation 17(1)(a) or (b)~~ ~~F2, or under Article 22 of the EuSEF Regulation or Article 21 of the EuVECA Regulation, the FCA must give the AIFM a warning notice.~~

(2)

~~If the FCA decides to revoke the registration of a small registered~~ UK ~~AIFM on~~ ~~F3such grounds or under such an Article~~—

(a)

~~the FCA must give the AIFM a decision notice, and~~

(b)

~~the AIFM may refer the matter to the Tribunal.~~

Annotations

Textual amendments

F1: Regulations 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)
F2: Words in reg. 18(1) inserted (1.3.2018) by The Alternative Investment Fund Managers (Amendment) Regulations 2018 (S.I. 2018/134), regs. 1(2), 2(8)(a)
F3: Words in reg. 18(2) substituted (1.3.2018) by The Alternative Investment Fund Managers (Amendment) Regulations 2018 (S.I. 2018/134), regs. 1(2), 2(8)(b)

Notes on Part 3

Modifications

C1

Pt. 3 modified (31.12.2020) by The Venture Capital Funds (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/333), regs. 1(1), 11(2)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

Pt. 3 modified (31.12.2020) by The Social Entrepreneurship Funds (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/343), regs. 1(1), 11(2)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)