On 2 May 2019, the FCA updated its webpage on the national private placement regime (NPPR). The NPPR allows some Alternative Investment Fund Managers (AIFMs) to market certain categories of Alternative Investment Funds (AIFs) in the UK in accordance with the Alternative Investment Fund Managers Regulations 2013 (the Regulations).

The updated webpage notes that AIFMs marketing AIFs under Regulations 58, 59 and, for UK AIFMs only, regulation 57 of the Regulations need to submit their notifications using the FCA’s online Connect system.