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The Alternative Investment Fund Managers (Amendment etc.) (EU Exit) Regulations 2018

Draft. This instrument was laid in draft and may differ from the one made. Look for the made version under its title.

Draft 2018, ISBN 9780111175323

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Draft Regulations laid before Parliament under paragraph 1(1) of the Schedule 7 to the European Union (Withdrawal) Act 2018, for approval by resolution of each House of Parliament.

Exiting The European Union

Financial Services

Made ***

Coming into force in accordance with regulation 1

The Treasury make the following Regulations in exercise of the powers conferred by section 8(1) of, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018f1.

In accordance with paragraph 1(1) of Schedule 7 to that Act, a draft of these Regulations has been laid before Parliament and approved by a resolution of each House of Parliament.

Annotations to the whole text

Footnotes

f1

2018 c. 16.

Contents

  1. Part 1: Introduction
  2. 1Citation and commencement
  3. Part 2: Amendment of secondary legislation
  4. Chapter 1: Amendment of the Alternative Investment Fund Managers Regulations 2013
  5. 2Amendment of the Alternative Investment Fund Managers Regulations 2013
  6. 3Introductory provisions
  7. 4Authorisation of full-scope UK AIFMS
  8. 5SEFs, RVECAs and small AIFMs
  9. 6ELTIFs
  10. 7Operating conditions
  11. 8Depositaries
  12. 9AIFs and control
  13. 10Marketing of AIFs
  14. 11Duties and powers of the FCA
  15. 12Transfer of Directive Functions
  16. 13Application of provisions of the Act
  17. 14Transitional provisions
  18. 15Final provisions
  19. Chapter 2: Amendment of the Alternative Investment Fund Managers (Amendment) Regulations 2013
  20. 16Alternative Investment Fund Managers (Amendment) Regulations 2013
  21. 17Commencement
  22. 18Amendments
  23. 19Consultation on rules for the purposes of Article 35 or 37 to 41 of the directive
  24. 20Schedule 1
  25. 21Schedule 2
  26. Part 3: Amendment of EU delegated legislation
  27. 22Commission Delegated Regulation (EU) No 231/2013
  28. 23Definitions and general
  29. 24Operating conditions for AIFMs: general principles
  30. 25Conflicts of interest
  31. 26Risk management
  32. 27Liquidity management
  33. 28Investment in securitisation positions
  34. 29Organisational requirements: general principles
  35. 30Valuation
  36. 31Delegation of AIFM functions
  37. 32Depositary: particulars of written contract
  38. 33Depositaries in third countries
  39. 34Depositary functions, due diligence duties and segregation obligation
  40. 35Loss of financial instruments, liability discharge and objective reasons
  41. 36Transparency requirements etc: annual report, disclosure and reporting
  42. 37Transparency requirements etc: AIFMs managing leveraged AIFs
  43. 38Rules relating to third countries
  44. 39Exchange of information
  45. 40Final provisions and annexes
  46. 41Commission Implementing Regulation (EU) No 447/2013
  47. 42Commission Implementing Regulation (EU) No 448/2013
  48. 43Commission Delegated Regulation (EU) No 2015/514
  49. Signature
  50. Explanatory note