# The Alternative Investment Fund Managers Regulations 2013, Regulation 47: Marketing at the initiative of the investor


Regulations 49 to 51 do not apply to an offering or placement of units or shares of an AIF to an investor made at the initiative of that investor.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111540206/regulation/47 (the official version)
Page: https://openlegislation.uk/draft-alternative-investment-fund-managers-regulations-2013/regulation-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.