The national private placement regime under the Alternative Investment Fund Managers Directive (AIFMD) is a mechanism that allows alternative investment fund managers (AIFMs) to market alternative investment funds (AIFs) that are not allowed to be marketed under the AIFMD domestic marketing or passporting regimes. This principally relates to the marketing of non-EEA AIFs and any AIFs managed by non-EEA AIFMs. However, it also relates to the marketing of feeder AIFs where the master funds manager is a non-EEA AIFM or the master fund is a non-EEA AIF.

The FCA has now published on its national private placement regime web page the following notification forms that must be submitted when there are material changes to the information previously submitted to it. The forms are:

• Article 36 material change form;
• Article 42 material change form; and
• Small third country change form.

The FCA has also published a guidance note to assist firms with the completion of these forms.

View National Private Placement Regime, 21 April 2015