There has been published on the legislation.gov.uk website The Alternative Investment Fund Managers (Amendment) Regulations 2018 (the Regulations).

Regulation 2 amends the Alternative Investment Fund Managers Regulations 2013 following amendments made to the EU Regulation on social entrepreneurship funds and the EU Regulation on venture capital funds. The amendments in these EU Regulations make minor changes to the procedures to be followed for making an application to register as a manager of a European social entrepreneurship fund or of a European venture capital fund, and for the refusal and revocation of such a registration. They also make provision for the registration of a European social entrepreneurship fund or a European venture capital fund by an authorised alternative investment fund manager, and for the refusal and revocation of such registration.

Regulation 3 amends the Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013 to update the definitions of “EuSEF Regulation” and “EuVECA Regulation” following amendments by Regulation (EU) No. 2017/1991 of the European Parliament and of the Council of 25 October 2017.

Regulation 4 is an unrelated amendment of regulation 63B(6) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 to update the definition of “care home”, in relation to Wales, following the passing of the Regulation and Inspection of Social Care (Wales) Act 2016.

The Regulations comes into force on 1 March 2018, except for Regulation 4 which comes into force on 2 April 2018.

View The Alternative Investment Fund Managers (Amendment) Regulations 2018, 5 February 2018