CP12/32: Implementation of the Alternative ... - BVCA admin

More documents

Recommendations

Info

Annex A Making the Investment Funds sourcebook (FUND) In this Annex, all of the text is new and is not underlined. 1. Introduction [To follow] 2. Authorisation [To follow] 3. Requirements for managers of alternative investment funds 3.1 Application Application Page 3 of 91 Appendix 1 3.1.1 G The application of this chapter is summarised in the following table; the detailed application is provided in each section. Type of firm Applicable sections Full scope UK AIFM of a UK AIF. All of chapter 3. Full scope UK AIFM of an EEA AIF operating from an establishment in the UK. Full scope UK AIFM of an EEA AIF operating from a branch in another EEA state. Incoming EEA AIFM branch which manages a UK AIF. Full scope UK AIFM of a non-EEA AIF marketed in the UK. Full scope UK AIFM of a non-EEA AIF not marketed in the UK. All of chapter 3. All of chapter 3 with the exception of FUND 3.8 (Prime brokerage firms). FUND 3.8 (Prime brokerage firms). All of chapter 3. All of chapter 3 with the exception of FUND 3.3 (Annual report of an AIF) and FUND 3.11 (Depositaries).
Depositary of a UK AIF or non-EEA AIF. 3.2 Investor information Application 3.2.1 R This section applies to a full scope UK AIFM of: (1) a UK AIF; (2) an EEA AIF; and (3) a non-EEA AIF. Prior disclosure of information to investors Page 4 of 91 FUND 3.11 (Depositaries). Appendix 1 3.2.2 R An AIFM must, for each AIF that it manages, make available to AIF investors, in accordance with the instrument constituting the fund, the following information before they invest in the AIF, as well as any material changes to it: (1) (a) a description of the investment strategy and objectives of the AIF; (b) if the AIF is a feeder AIF, information on where the master AIF is established; (c) if the AIF is a fund of funds, information on where the underlying funds are established; (d) a description of the types of assets in which the AIF may invest; (e) the investment techniques that the AIF, or the AIFM on behalf of the AIF, may employ and all associated risks; (f) any applicable investment restrictions; (g) the circumstances in which the AIF may use leverage; (h) the types and sources of leverage permitted and the associated risks; (i) any restrictions on the use of leverage and any collateral and asset reuse arrangements; and (j) the maximum level of leverage which the AIFM is entitled to employ on behalf of the AIF;
Page 1:
Consultation Paper CP12/32 Financia
Page 4 and 5:
The Financial Services Authority in
Page 6 and 7:
CP12/32 Implementation of the Alter
Page 8 and 9:
Page 10 and 11:
Page 12 and 13:
Page 14 and 15:
Page 16 and 17:
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
Page 48 and 49:
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77: CP12/32 Implementation of the Alter
Page 105 and 106: Annex 2 List of consultation questi
Page 107: Annex 2 November 2012 CP12/32 Imple
Page 111 and 112: Annex 4 November 2012 CP12/32 Imple
Page 113 and 114: Annex 4 November 2012 CP12/32 Imple
Page 115: Annex 4 November 2012 CP12/32 Imple
Page 124 and 125: ALTERNATIVE INVESTMENT FUND MANAGER
Page 128 and 129: Page 5 of 91 Appendix 1 (2) a descr
Page 130 and 131: 3.2.5 R An AIFM must, for each AIF
Page 132 and 133: Page 9 of 91 Appendix 1 (6) the agg
Page 134 and 135: Page 11 of 91 Appendix 1 (4) the id
Page 136 and 137: [Note: article 15(1) of AIFMD] this
Page 138 and 139: (1) a full scope UK AIFM of: (a) a
Page 140 and 141: Page 17 of 91 Appendix 1 (b) the re
Page 142 and 143: experienced; Page 19 of 91 Appendix
Page 144 and 145: Page 21 of 91 Appendix 1 by the fac
Page 146 and 147: Page 23 of 91 Appendix 1 3.11.5 G T
Page 148 and 149: (Own funds requirement). [Note: art
Page 150 and 151: supplements the meaning of financia
Page 152 and 153: instruments remain in its custody;
Page 154 and 155: supplementing this section] 4. Comm
Page 156 and 157: Annex B Amendments to the Glossary
Page 158 and 159: collective portfolio management fir
Page 160 and 161: Page 37 of 91 Appendix 1 non-listed
Page 162 and 163: BIPRU 730k firm Page 39 of 91 Appen
Page 164 and 165: … Page 41 of 91 Appendix 1 (e) (i
Page 166 and 167: esources only at excessive cost. Pa
Page 168 and 169: Single Market Directive … Page 45
Page 170 and 171: Page 47 of 91 Appendix 1 [Note: art
Page 172 and 173: Page 49 of 91 Appendix 1 7.1.7B In
Page 174 and 175: Page 51 of 91 Appendix 1 [Note: art
Page 176 and 177:
[Note: paragraph 1(c) of Annex II o
Page 178 and 179:
[Note: paragraph 1(k) of Annex II o
Page 180 and 181:
[Note: paragraph 1(r) of Annex II o
Page 182 and 183:
Page 59 of 91 (2) the fixed overhea
Page 184 and 185:
Page 61 of 91 Appendix 1 amount of
Page 186 and 187:
Types of investment firm: BIPRU 50K
Page 188 and 189:
The following text is new and is no
Page 190 and 191:
Page 67 of 91 Appendix 1 (1) at the
Page 192 and 193:
Page 69 of 91 Appendix 1 so that th
Page 194 and 195:
TABLE 7.4 PART I A firm must calcul
Page 196 and 197:
Note consistently in respect of any
Page 198 and 199:
initial capital (see item 5) if the
Page 200 and 201:
Form of qualifying subordinated loa
Page 202 and 203:
Annex H Amendments to the Supervisi
Page 204 and 205:
Descriptio n of data item Annual re
Page 206 and 207:
… Data item SUP 16.12.12R, unless
Page 208 and 209:
indicated otherwise. Data item Firm
Page 210 and 211:
client assets … Page 87 of 91 App
Page 212 and 213:
… Data item SUP 16.12.23R, unless
Page 214 and 215:
FSA066 and FSA06 are added - see fo
Page 216 and 217:
Liquid assets test 32 Liquid assets
Page 218 and 219:
Professional negligence capital req
Page 220 and 221:
is not listed, select ‘Other’.
Page 222 and 223:
FSA067 Capital adequacy - supplemen
Page 224 and 225:
PII capital requirement 5A This is
Page 226 and 227:
External validations Validation Dat
Page 228 and 229:
Page 230:
show all

CP12/32: Implementation of the Alternative ... - BVCA admin

Create successful ePaper yourself

Delete template?

Save as template?