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Regulation 56 Suspension or revocation of approval granted to a full-scope Gibraltar AIFMF1F2

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

If the FCA has approved marketing by a full-scope Gibraltar AIFM under regulation 54, regulations 62 to 64 apply in relation to that approval as they apply in relation to an entitlement to market an AIF following a notification under regulation 57, 58 or 59, but with the following modifications—

(a)

references to a notification under regulation 57, 58 or 59 are to be read as references to an application under regulation 54;

(b)

references to an entitlement to market are to be read as references to an approval to market;

(c)

references to an Article 36 custodian are to be omitted; and

(d)

regulations 62(1)(c) and 63(2)(c) are to be omitted.

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. 56 substituted (31.12.2020) by The Alternative Investment Fund Managers (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/328), regs. 1(3), 10(7) (as amended by S.I. 2019/325, reg. 58); 2020 c. 1, Sch. 5 para. 1(1)