FUND 10.1 Application and purpose
Application
-
(1)
2This chapter applies to the following types of firm in relation to the activities in (2):
- (a)
- (b)
[deleted]1
- (c)
a small non-UK AIFM1; and
- (d)
-
(2)
The activities to which this chapter relates are the management and marketing on a cross-border basis, into or from the UK of:
- (a)
- (b)
a non-UK AIF.1
- (c)
[deleted]1
Purpose
The purpose of this chapter is to provide guidance on the requirements that apply to the types of firm set out in FUND 10.1.1 G when operating on a cross-border basis into or from the UK.
Introduction
[deleted]1
[deleted]1
-
(1)
There are1 specific provisions for third country AIFs and AIFMs (ie, in relation to non-UK AIFs and non-UK AIFMs1) and the marketing of a UK AIF or a non-UK AIF1 that is a feeder AIF, the master AIF of which is managed by a non-UK AIFM or is a non-UK AIF1.
- (2)
-
(3)
In addition, the UK allows1 the marketing by the following types of AIFM in the UK1:
- (a)
a full-scope UK AIFM of:
- (i)
a UK AIF1that is a feeder AIF, the master AIF of which is managed by a non-UK AIFM or is a non-UK AIF1 and;
- (ii)
a non-UK AIF1;
- (i)
- (b)
[deleted]1
- (c)
a non-UK AIFM1 of:
- (i)
- (ii)
a non-UK AIF.1
- (iii)
[deleted]1
- (a)