# The Alternative Investment Fund Managers (Amendment etc.) (EU Exit) Regulations 2018, Regulation 37: Transparency requirements etc: AIFMs managing leveraged AIFs


(1) Before Article 112, omit “(Article 25(3) of Directive 2011/61/EU)”.
(2) In Article 112—
(a) in paragraph 1—
(i) for “competent authorities” substitute “the FCA”;
(ii) for “exercise their” substitute “exercises its”;
(b) in paragraph 2—
(i) for “a competent authority” substitute “the FCA”;
(ii) for “Articles 7(3), 15(4), 24(4) or 24(5) of Directive 2011/61/EU” substitute “rules 3.4.5, 3.4.6A, 3.4.6C and 3.7.7 of the Investment Funds sourcebook, or in response to a requirement imposed under section 55U(4) or 165 of FSMA”;
(c) in paragraph 3—
(i) in the opening words—
(aa) for “Competent authorities” substitute “The FCA”;
(bb) for “their” substitute “its”;
(ii) in point (c) for “competent authorities”, substitute “FCA”.

---
Source: https://www.legislation.gov.uk/ukdsi/2018/9780111175323/regulation/37 (the official version)
Page: https://openlegislation.uk/draft-alternative-investment-fund-managers-amendment-etc-eu-exit-regulations-2018/regulation-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.