# The Venture Capital Funds (Amendment) (EU Exit) Regulations 2018, Regulation 11: Modification of the Alternative Investment Fund Managers Regulations 2013


(1) The Alternative Investment Fund Managers Regulations 2013 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) has effect as if regulations 23D and 23E were omitted.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174630/regulation/11 (the official version)
Page: https://openlegislation.uk/draft-venture-capital-funds-amendment-eu-exit-regulations-2018/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.