# The Alternative Investment Fund Managers Regulations 2013, Paragraph 7


In section 59 (approval for particular arrangements) after subsection (7B) insert—
“(7C) A regulator may not exercise the power in subsection (3) so as to provide for a function to be a controlled function in relation to the carrying on of the regulated activity of managing an AIF by an AIFM which—
(a) is also an AIF;
(b) does not manage any AIF other than itself;
(c) is a body corporate; and
(d) is not a collective investment scheme.”.

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Source: https://www.legislation.gov.uk/ukdsi/2013/9780111540206/schedule/1/paragraph/7 (the official version)
Page: https://openlegislation.uk/draft-alternative-investment-fund-managers-regulations-2013/schedule-1/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.