FUND TP 1 Transitional Provisions
You are viewing FUND TP 1 Transitional Provisions as of . FUND TP 1 Transitional Provisions was last updated on 28/11/2023.
FUND TP 1 Transitional Provisions
28/11/2023
| (1) | (2) | (3) | (4) | (5) | (6) | |
| Material to which the transitional provision applies | Transitional provision | Transitional provision: date in force | Handbook provisions: coming into force | |||
| 1 | FUND 3.11.2 R | R | A credit institution established in the UK and appointed as a depositary of an EEA AIF managed by a full-scope UK AIFM or a full-scope EEA AIFM in accordance with article 61(5) of AIFMD must comply with the provisions of FUND 3.11 that apply to a UK depositary of a UK AIF managed by a full-scope UK AIFM or an EEA AIFM. | From 22 July 2013 until 22 July 2017. | 22 July 2013 | |
| 1A | FUND 3.11.4R (2) | R | An AIFM that appoints a depositary in accordance with article 61(5) of AIFMD must ensure the assets of the AIF are entrusted to the depositary for safekeeping in accordance with the national laws and regulations of the EEA State of the competent authority of the depositary (as defined in article 4(1)(g) of AIFMD). | From 1 July 2014 until 22 July 2017. | 1 July 2014 | |
| 2 | FUND 3.11.10 R | R | An AIFM may ensure the appointment of a credit institution that is established in an EEA State other than the UK for each UK AIF it manages that is an unauthorised AIF, unless the AIF is an ELTIF. | From 22 July 2013 until 22 July 2017. | 22 July 2013 | |
| 3 | FUND 3.11.14R (1) | R | Expired | |||
| 4 | FUND 3.11.18 R | R | An AIFM may ensure the appointment of a depositary that is a credit institution established in an EEA State other than the Home State of the AIF for each EEA AIF it manages if this is permitted by the laws and regulations of the Home State of the AIF. | From 22 July 2013 until 22 July 2017. | 22 July 2013 | |
| 5 | FUND 3.11.33R (1)(a) | R | Expired | |||
| 6 | FUND 3.11.24R | R | FUND 3.11.24R does not apply to a credit institution established in the UK in relation to an EEA ELTIF for which it is appointed as a depositary that is: (a) managed by a full-scope UK AIFM or a full-scope EEA AIFM in accordance with article 61(5) of AIFMD; and (b) marketed to a retail client. | From 9 December 2015 until 22 July 2017 | 9 December 2015 | |
| 7 | FUND 3.2.4AG | G | A full-scope UK AIFM does not need to comply with the provisions of the Securities Financing Transactions Regulation referred to in FUND 3.2.4AG for: | From 23 September 2016 until 12 July 2017 | 23 September 2016 | |
| (1) | any sub-fund that was constituted before 12 January 2016, if the AIF has one or more sub-funds; and | |||||
| (2) | an AIF that was constituted before 12 January 2016 and has no sub-funds. | |||||
| [Note: article 33(2)(c) of the Securities Financing Transactions Regulation] | ||||||
| 8 | FUND 3.2.2AG(1) | G | An AIFM of a UK AIF is not required to include the information specified under ESG 5.3.2R(1) when making available the information required by FUND 3.2.2R until the date on which a sustainability label is first used in relation to the UK AIF. | From 28 November 2023 until the date on which a sustainability label is first used in relation to the UK AIF | 28 November 2023 | |
| 9 | FUND 3.2.2AG(2) | G | An AIFM of a UK AIF that is not using a sustainability label but is using any of the terms in ESG 4.3.2R(2) does not need to include the information required under ESG 5.3.2R(2) when making available the information required by FUND 3.2.2R until 2 December 2024. | From 28 November 2023 to 2 December 2024 | 28 November 2023 | |