Regulation 81 Amendments to secondary legislation

(1)

Schedule 2 (which contains amendments to secondary legislation) has effect.

(2)

Paragraph (3) has effect—

(a)

for the purpose of the FCA and PRA making rules, giving directions and imposing requirements, and for the purpose of the FCA giving guidance, immediately after Schedule 2 has effect;

(b)

for all other purposes, on the date specified by the delegated act to be adopted by the European Commission pursuant to Article 67.6 of the directive as the date when the rules set out in Article 35 and 37 to 41 of the directive become applicable.

(3)

In paragraph 11 of Schedule 8 to the Regulated Activities Order (persons excluded from regulated activity of managing an AIF)^f1, at the end insert “, that is registered in the United Kingdom in accordance with Article 3 of the alternative investment fund managers directive”.

Annotations

Footnotes

f1: Paragraph 11 is inserted by paragraph 1(17) of Schedule 2 to these Regulations.