FUND 10.1 Application and purpose

1. (1)

   2This chapter applies to the following types of firm in relation to the activities in (2):

   1. (a)

      a full-scope UK AIFM;

   2. (b)

      [deleted]1

   3. (c)

      a small non-UK AIFM1; and

   4. (d)

      an above-threshold non-UK AIFM1.

2. (2)

   The activities to which this chapter relates are the management and marketing on a cross-border basis, into or from the UK of:

   1. (a)

      a UK AIF; and1

   2. (b)

      a non-UK AIF.1

   3. (c)

      [deleted]1

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.

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. (2)

   A UK AIFM is1 allowed to manage a non-UK AIF1 from the UK.1

3. (3)

   In addition, the UK allows1 the marketing by the following types of AIFM in the UK1:

   1. (a)

      a full-scope UK AIFM of:

      1. (i)

         a UK AIF 1that is a feeder AIF, the master AIF of which is managed by a non-UK AIFM or is a non-UK AIF1 and;

      2. (ii)

         a non-UK AIF1;

   2. (b)

      [deleted]1

   3. (c)

      a non-UK AIFM1 of:

      1. (i)

         a UK AIF; and1

      2. (ii)

         a non-UK AIF.1

      3. (iii)

         [deleted]1