FUND 10.2 AIFM management passport
Application
This section applies to:
- (1)
a full-scope UK AIFM that intends to manage an EEA AIF:
- (a)
- (b)
under the freedom to provide cross-border services; and
- (2)
a full-scope EEA AIFM that intends to manage a UK AIF:
- (a)
by establishing a branch in the UK (an incoming EEA AIFM branch); or
- (b)
under the freedom to provide cross-border services.
- (a)
Management passport for full-scope UK AIFMs
Information on the use of the management passport by a full-scope UK AIFM is contained in SUP 13 (exercise of passport rights by UK firms), which includes:
- (1)
guidance on the conditions for establishing a branch to manage an AIF in an EEA State other than the UK (SUP 13.3.2 G);
- (2)
guidance on the conditions for providing cross-border services to manage an AIF in an EEA State other than the UK (SUP 13.4.2 G);
- (3)
the notice of intention that a full-scope UK AIFM must submit to establish a branch in an EEA State other than the UK (SUP 13 Annex 1);
- (4)
the notice of intention that a full-scope UK AIFM must submit to provide cross-border services to manage an AIF in an EEA State other than the UK ( SUP 13 Annex 8AR);
- (5)
guidance on changes to branches (SUP 13.6.10 G); and
- (6)
guidance on changes to cross-border services to manage an AIF in an EEA State other than the UK (SUP 13.7.13G).
Management passport for full-scope EEA AIFMs
Information on the use of the management passport by a full-scope EEA AIFM is contained in SUP 13A (Qualifying for authorisation under the Act) and SUP 14 (Incoming EEA firms changing details, and cancelling qualification for authorisation), which include:
- (1)
guidance on the conditions for establishing a branch to manage an AIF in the UK (SUP 13A.4.1 G);
- (2)
guidance on the conditions for providing cross border services to manage an AIF in the UK (SUP 13A.5.3 G);
- (3)
guidance on Handbook provisions that apply to an incoming EEA AIFM branch (SUP 13A Annex 1);
- (4)
guidance on the matters that are reserved to a firm's Home State regulator (SUP 13A Annex 2);
- (5)
guidance on changes to branches (SUP 14.2.15G and SUP 14.2.16G); and
- (6)
guidance on changes to cross-border services to manage an AIF (SUP 14.3.8G to SUP 14.3.10G).