{
  "url": "https://openlegislation.uk/draft-alternative-investment-fund-managers-amendment-etc-eu-exit-regulations-2018/regulation-35",
  "json_url": "https://openlegislation.uk/draft-alternative-investment-fund-managers-amendment-etc-eu-exit-regulations-2018/regulation-35.json",
  "legislation": "ukdsi/2018/9780111175323",
  "legislation_title": "The Alternative Investment Fund Managers (Amendment etc.) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-alternative-investment-fund-managers-amendment-etc-eu-exit-regulations-2018",
  "path": "regulation/35",
  "kind": "regulation",
  "number": "35",
  "heading": "Loss of financial instruments, liability discharge and objective reasons",
  "text": "(1) Before Article 100, omit “(Article 21(12) and (13) of Directive 2011/61/EU)”.\n(2) In Article 100—\n(a) in paragraph 1, for “Article 21(12) of Directive 2011/61/EU” substitute “regulations 30(1) to (3) and 31(1) of the AIFM Regulations 2013”;\n(b) in paragraph 2, for “competent authorities” substitute “FCA”;\n(c) in paragraph 3, for “Article 21(12) of Directive 2011/61/EU” substitute “regulations 30(1) to (3) and 31(1) of the AIFM Regulations 2013”.\n(3) In Article 101—\n(a) in the heading, omit “under Article 21(12) of Directive 2011/61/EU”;\n(b) in paragraph 1—\n(i) in the opening words, for “second subparagraph of Article 21(12) of Directive 2011/61/EU” substitute “regulation 30(2) of the AIFM Regulations 2013”;\n(ii) in point (a), for “point (a) of Article 21(8) of Directive 2011/61/EU” substitute “rule 3.11.21 of the Investment Funds sourcebook”;\n(iii) in the second subparagraph, for “point (a) of Article 21(8) of Directive 2011/61/EU” substitute “rule 3.11.21 of the Investment Funds sourcebook”;\n(c) in paragraph 3, for “point (a) of Article 21(8) of Directive 2011/61/EU” substitute “rule 3.11.21 of the Investment Funds sourcebook”;\n(d) in paragraph 4, for “Article 21(13) and (14) of Directive 2011/61/EU” substitute “regulations 30(4) and 32 of the AIFM Regulations 2013”.\n(4) In Article 102—\n(a) in paragraph 1, in the opening words, for “Article 21(13) of Directive 2011/61/EU” substitute “regulation 30(4) of the AIFM Regulations 2013”;\n(b) in paragraph 3—\n(i) in the opening words, for “Article 21(13) of Directive 2011/61/EU” substitute “regulation 30(4) of the AIFM Regulations 2013”;\n(ii) in point (a), for “Article 21(11) of Directive 2011/61/EU” substitute “rules 3.11.28 to 3.11.30 of the Investment Funds sourcebook”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111175323/regulation/35",
    "retrieved_at": "2026-10-30T15:03:10.251641+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}