# The Alternative Investment Fund Managers Regulations 2013, Regulation 45: References in this Part to an AIFM or an investment firm marketing an AIF


For the purposes of this Part—
(a) an AIFM markets an AIF when the AIFM makes a direct or indirect offering or placement of units or shares of an AIF managed by it to or with an investor domiciled or with a registered office in the United Kingdom or Gibraltar, or when another person makes such an offering or placement at the initiative of, or on behalf of, the AIFM;
(b) an investment firm markets an AIF when it makes a direct or indirect offering or placement of units or shares of the AIF to or with an investor domiciled or with a registered office in the United Kingdom or Gibraltar at the initiative of, or on behalf of, the AIFM of that AIF.

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Source: https://www.legislation.gov.uk/uksi/2013/1773/regulation/45 (the official version)
Page: https://openlegislation.uk/alternative-investment-fund-managers-regulations-2013/regulation-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.