{
  "url": "https://openlegislation.uk/draft-long-term-investment-funds-amendment-eu-exit-regulations-2019/regulation-8",
  "json_url": "https://openlegislation.uk/draft-long-term-investment-funds-amendment-eu-exit-regulations-2019/regulation-8.json",
  "legislation": "ukdsi/2019/9780111177266",
  "legislation_title": "The Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/draft-long-term-investment-funds-amendment-eu-exit-regulations-2019",
  "path": "regulation/8",
  "kind": "regulation",
  "number": "8",
  "heading": "Application for authorisation as an LTIF",
  "text": "(1) Article 5 (the heading to which becomes “Application for authorisation as an LTIF”) is amended as follows.\n(2) In paragraph 1—\n(a) for “competent authority of the ELTIF” substitute “FCA” in both places;\n(b) for the other references to “ELTIF” substitute “LTIF” in both places.\n(3) In paragraph 2—\n(a) for “an EU AIFM authorised under Directive 2011/61/EU” substitute “a UK AIFM”;\n(b) for “competent authority of the ELTIF” where it first appears substitute “FCA”;\n(c) for “manage an ELTIF” substitute “manage an LTIF” in both places;\n(d) omit the sentence beginning “In the event that”;\n(e) in point (b) for “ELTIF” substitute “LTIF”;\n(f) in point (c), for “EU AIFM” substitute “UK AIFM”;\n(g) omit the third subparagraph.\n(4) In paragraph 3—\n(a) for “ELTIF” substitute “LTIF” in both places;\n(b) for “EU AIFM” substitute “UK AIFM”.\n(5) In paragraph 4, for “competent authority of the ELTIF” substitute “FCA”.\n(6) In paragraph 5—\n(a) for “an EU AIF” substitute “a UK AIF”;\n(b) for “ELTIF” substitute “LTIF” in each place;\n(c) for “an AIFM under Directive 2011/61/EU” substitute “a UK AIFM under the AIFM Regulations”;\n(d) for “Article 7 of Directive 2011/61/EU” substitute “Part 3A of the AIFM Regulations”;\n(e) for “EU AIF shall” substitute “UK AIF must”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2019/9780111177266/regulation/8",
    "retrieved_at": "2026-10-30T15:02:28.586490+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}