BIPRU TP 35 AIFMD

Application

35.1

R

BIPRU TP 35 applies to a collective portfolio management investment firm.

Duration of transitional

35.2

R

BIPRU TP 35 applies from 22 July 2013 until 21 July 2014

Transitional provision

35.3

R

(1)

Where a firm meets the conditions in (2), the changes effected by Annex H of the Alternative Investment Fund Managers Directive Instrument 2013 do not apply and, therefore, the provisions in BIPRU amended by that Annex will continue to apply as they were in force as at 21 July 2013.

(2)

The conditions referred to in (1) are:

(a)

the firm falls within regulation 72(1) of the AIFMD UK regulation; and

(b)

the firm does not have a Part 4A permission to manage an AIF.