Regulation 4 Authorisation of full-scope UK AIFMS

(1)

In regulation 5—

(a)

in paragraph (3)(c), for “implementing provisions relating to Article 9 of the directive”, substitute “rule 11.2.1 and section 11.3 of the Interim Prudential sourcebook for Investment Businesses”;

(b)

in paragraph (8)^f1—

(i)

for sub-paragraph (c), substitute—

“(c)
a programme of activity setting out the organisational structure of the applicant, including information on how the applicant intends to comply with its obligations under the following provisions, so far as they apply to an AIFM—

(i)
the Financial Services and Markets Act 2000^f2;

(ii)
these Regulations;

(iii)
rules made by the FCA;

(iv)
Commission Delegated Regulation;”;

(ii)

in sub-paragraph (e), omit “EEA States or”;

(2)

In regulation 6—

(a)

in paragraph (1)—

(i)

at the end of sub-paragraph (a), omit “and”;

(ii)

omit sub-paragraph (b);

(b)

in paragraph (3)—

(i)

at the end of sub-paragraph (a), insert “; and”;

(ii)

at the end of sub-paragraph (b), omit “and”;

(iii)

omit sub-paragraph (c).

(3)

In regulation 7(1), for “implementing provisions relating to Article 10.1 of the directive” substitute “rule 15.3.26 of the Supervision sourcebook”.

(4)

Omit regulation 8.

Annotations

Footnotes

f1: Regulation 5(8) is amended by S.I. 2013/1797.
f2: 2000 c. 8.