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

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Appendix 1
AIFM management functions the management functions of an AIFM listed in Annex I to
AIFMD.
AIFM Remuneration Code as set out in SYSC 19B (AIFM Remuneration Code).
AIFM Remuneration Code
staff
AIFM Remuneration
principles
(for an AIFM) has the meaning given in SYSC 19B.1.3R.
the principles set out in SYSC 19B.1.5R to SYSC 19B.1.24R.
AIFMD Directive 2011/61/EU of the European Parliament and of the
Council of 8 June 2011 on Alternative Investment Fund
Managers and amending Directives 2003/41/EC and
2009/65/EC and Regulations (EC) No 1060/2009 and (EU)
No 1095/2010.
AIFMD level 2 regulation Commission delegated regulation (EU) No ../..
supplementing Directive 2011/16/EU of the European
Parliament and of the Council with regard to exemptions,
general operating conditions, depositaries, leverage,
transparency and supervision.
AIFMD UK regulation the Alternative Investment Fund Managers Regulations 2013
(SI 2013/....)
alternative investment fund (in accordance with article 4(1)(a) of AIFMD) a collective
investment undertaking, including investment compartments
thereof, which:
alternative investment fund
manager
(a) raises capital from a number of investors, with a view
to investing it in accordance with a defined investment
policy for the benefit of those investors; and
(b) does not require authorisation pursuant to article 5 of
the UCITS Directive.
(in accordance with article 4(1)(b) of AIFMD) a legal person
whose regular business is performing AIFM investment
management functions for one or more AIF.
authorised AIF an AIF which is an authorised fund.
carried interest a share in the profits of the AIF accrued to the AIFM as
compensation for the management of the AIF, and excluding
any share in the profits of the AIF accrued to the AIFM as a
return on any investment by the AIFM into the AIF.
collective portfolio
management investment firm
a firm which has a Part IV permission for managing
investments and which is: