Regulation 7A EEA AIFM: changes to branch details or servicesF1

An EEA AIFM which is exercising an EEA right in the United Kingdom deriving from the alternative investment fund managers directive must not make a material change to any of the matters referred to in regulation 2(6)(b) to (e) or 3(5)(b) or (c) unless the relevant requirement has been complied with.

Where the relevant requirement has been complied with, the EEA AIFM's permission is to be treated as varied accordingly.

For the purposes of this regulation, the “relevant requirement” is that the home state regulator has informed the appropriate UK regulator that it has approved the proposed change.

In this regulation “the appropriate UK regulator” has the same meaning as in paragraph 14 of Schedule 3.