Regulation 10 Applicable rules and liability

(1)

Article 7 (applicable rules and liability) is amended as follows.

(2)

In paragraph 1, for “ELTIF” substitute “LTIF”.

(3)

In paragraphs 2 and 3—

(a)

for “ELTIF” substitute “LTIF” in each place;

(b)

for “Directive 2011/61/EU” substitute “the AIFM Regulations, rules made by the FCA for the purpose of implementing Directive 2011/61/EU and any EU Regulation made under that Directive that forms part of retained EU law”.