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Article 1A Application of Articles 2, 7 and 8 to small AIFMsF1

Original text. Later amendments are not shown.

(1.)

Articles 2, 7 and 8 apply to a small AIFM subject to the modifications in paragraphs 2 and 3.

(2.)

In Article 2(2), second sub-paragraph, as if “AIFs managed by the AIFM for which the AIFM has delegated functions in accordance with section 3.10 of the Investment Funds sourcebook” includes AIFs managed by a small AIFM for which that small AIFM has delegated functions.

(3.)

In Articles 7 and 8, as if section 3.9 of the Investment Funds sourcebook applied to a small AIFM as it does to a full-scope UK AIFM.

Annotations

Textual amendments

F1

Art. 1A inserted (31.12.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 73