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Regulation 161 Schedule 8 (persons excluded from regulated activity of managing an AIF)

Original text. Later amendments are not shown.

(1)

Schedule 8f1 (persons excluded from regulated activity of managing an AIF) is amended as follows.

(2)

In paragraph 1, after “the alternative investment fund managers directive” insert “, and not referred to in paragraph 1B,”.

(3)

After paragraph 1 insert—

“1A.

For the purposes of paragraph 1, in Article 4(1)(o) of the alternative investment fund managers directive (definition of “holding company”) the reference to the Union is to be read as a reference to the United Kingdom.

1B.

In this Schedule—

  • “parent undertaking” has the meaning given by section 1162 of the Companies Act 2006f2 (read with Schedule 7 to that Act);

  • “subsidiary” has the meaning given to “subsidiary undertaking” by that section (read with that Schedule)”.

(4)

For paragraph 4 substitute—

“4.

The trustees and managers of an occupational pension scheme within the meaning of section 1(1) of the Pension Schemes Act 1993f3.”.

(5)

In paragraph 5—

(a)

omit “The European Central Bank,”;

(b)

for “, any other” substitute “or any other”;

(c)

omit “or a European Development Finance Institution,”.

(6)

In paragraph 11f4—

(a)

for “an EEA State” substitute “the United Kingdom”;

(b)

for the words after “in accordance with” substitute “Part 3 of the Alternative Investment Fund Managers Regulations 2013f5.”.

Annotations

Footnotes

f1

Schedule 8 was inserted by S.I. 2013/1773.

f2

2006 c.46.

f3

1993 c.48.

f4

Paragraph 11 is prospectively revoked by S.I. 2013/1797.

f5

S.I. 2013/1773.