Regulation 11 Modification of the Alternative Investment Fund Managers Regulations 2013

(1)

The Alternative Investment Fund Managers Regulations 2013^f1 are modified as follows.

(2)

In respect of a manager to whom regulation 8 applies—

(a)

regulation 10(4) (small registered UK AIFMs) has effect as if for sub-paragraph (c) there were substituted—

“(c)
is treated as registered as a manager of a qualifying venture capital fund under Article 14 of the EuVECA Regulation, in accordance with regulation 8 of the European Venture Capital Funds (Amendment) (EU Exit) Regulations 2018.”;

(b)

Part 3 (small AIFMs) has effect as if regulations 11 to 13 were omitted.

(3)

In respect of a fund to which regulation 9 applies, Part 3B (qualifying social entrepreneurship funds and qualifying venture capital funds)^f2 has effect as if regulations 23D and 23E were omitted.

Annotations

Footnotes

f1: S.I. 2013/1773.
f2: Part 3B (regulations 23D to 23F) was inserted by S.I. 2018/134.