Related provisions for SYSC 4.1.2D
1 - 7 of 7 items.
The base own funds
requirement is: (1) EUR 125,000 for a firm that is a UCITS management company or a full-scope UK AIFM that is an external AIFM; and(2) EUR 300,000 for a full-scope UK AIFM that is an internally managed AIF.[Note: article 9(1), (2) and (10) of AIFMD and article 7(1)(a) of the UCITS Directive]
A collective portfolio management firm that manages an AIF is an internally managed AIF or an external AIFM. If the firm is a full-scope UK
AIFM this affects the firm's base capital resources requirement (see IPRU-INV 11.3.1R). An internally managed AIF that is a full-scope UK
AIFM is not permitted to engage in activities other than the management of that AIF, whereas an external AIFM that is a full-scope UK
AIFM may manage