# Commission Implementing Regulation (EU) No 447/2013 of 15 May 2013 establishing the procedure for AIFMs which choose to opt in under Directive 2011/61/EU of the European Parliament and of the Council, Article 1: Procedure and conditions for opt in

Extent: E+W+S+N.I.

1. An alternative investment fund manager (AIFM) that meets the conditions provided for in regulation 9 of the Alternative Investment Fund Managers Regulations 2013 (the “AIFM Regulations 2013”) and chooses to opt in to regulation as a full-scope AIFM shall submit an application for authorisation to the Financial Conduct Authority.
The application shall follow the same procedure provided for in section 55U of the Financial Services and Markets Act 2000 (“FSMA”) and regulation 5 of the AIFM Regulations 2013.
2. The Financial Conduct Authority may exempt an AIFM referred to in paragraph 1 from submitting all information and documents required under section 55U of FSMA and by regulation 5 of the AIFM Regulations 2013, provided that the exempted information or documents have been already submitted to the Financial Conduct Authority for registration purposes in accordance with regulations 11, 15 and 21 of the AIFM Regulations 2013 or as part of the authorisation procedure pursuant to sections 242 and 261C of FSMA and regulation 12 of the Open-Ended Investment Companies Regulations 2001 and provided that such information and documents are still up to date, which is confirmed in writing by the AIFM.
3. The Financial Conduct Authority shall grant an authorisation following the same procedure as provided for in regulation 5 of the AIFM Regulations 2013.

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Source: https://www.legislation.gov.uk/eur/2013/447/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-447/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.