the AIFM complies with the full requirements of FUND, other rules in the Handbook which, when made, implemented AIFMD, the AIFMD level 2 regulation, the AIFMD UK regulation1 in respect of that AIF, except FUND 3.31 (Annual reporting) and FUND 3.11 (Depositaries), the AIFMD BTS and any other binding technical standards made in connection with the UK AIFM regime1; and
(in accordance with regulation 33 of the AIFMD UK regulation) appropriate cooperation arrangements are in place between the FCA1 and the supervisory authorities of the country where the non-UK AIF1 is established in order to ensure an efficient exchange of information that allows FCA1 to carry out its duties in accordance with FUND, other rules in the Handbook which, when made, implemented AIFMD, the AIFMD level 2 regulation and the UK AIFMD regulation1.
Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.