Regulation 74 Closed-ended AIFs that make no additional investments

(1)

This regulation applies to an AIFM in so far as immediately before 22nd July 2013 it manages an AIF that—

(a)

is closed-ended; and

(b)

makes no additional investments after 22nd July 2013.

(2)

The AIFM need not apply for—

(a)

permission under Part 4A of the Act to manage that AIF; or

(b)

registration as a small registered UK AIFM in respect of that AIF.

(3)

The AIFM need not comply with the implementing provisions in respect of that AIF.

(4)

Amendments and modifications to other enactments made by these Regulations do not have effect in respect of that AIF or the AIFM’s management of it.