Regulation 19 Grounds for suspension of registration
(1)
If one of the grounds in paragraph (2) is met, the FCA may suspend the registration of a small registered UK AIFM for a specified period, until the occurrence of a specified event, or until specified conditions are complied with.
(2)
The grounds are that it appears to the FCA that—
(a)
the AIFM does not meet a condition in regulation 10(2), (3) or, as the case may be, (4);
(b)
the AIFM has contravened, or is likely to contravene, an implementing provision, or a requirement imposed by the EuSEF Regulation or the EuVECA Regulation, that applies to it.
(3)
In this regulation “specified” means specified by the FCA in a notice given under regulation 20.