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

initial capital …
instrument constituting the
scheme fund
Page 42 of 91
Appendix 1
has its registered office and/or head office.
[Note: article 4(1)(p) of AIFMD]
(14) (in relation to an AIFM) the EEA State in which the
AIFM has its registered office.
[Note: article 4(1)(q) of AIFMD]
(3) (in UPRU IPRU(INV) 7) capital calculated in
accordance with UPRU IPRU(INV) Table 2.2.1R 7.4
(Method of calculating initial capital and own funds)
composed of the specified items set out in that Table.
…
(bb) (in relation to an AIF other than an ICVC or an AUT)
the fund rules, instrument of incorporation or other
constituting documents of such an AIF;
…
issuer (1) (except in LR, PR and DTR as otherwise provided for
below):
…
(6) (in FUND) means an issuer within the meaning of
article 2(1)(d) of the Transparency Directive where that
issuer has its registered office in the EEA and where its
shares are admitted to trading on a regulated market.
liquidity risk (1) (in COLL in relation to a UCITS and in accordance
with article 3(8) of the UCITS implementing Directive)
the risk that a position in a UCITS’ portfolio cannot be
sold, liquidated or closed out at limited cost in an
adequately short timeframe and that the ability of the
scheme to comply at any time with COLL 6.2.16R
(Sale and redemption) or, in the case of an EEA UCITS
scheme, article 84(1) of the UCITS Directive is thereby
compromised.
(2) (except in COLL relation to a UCITS) the risk that a
firm, although solvent, either does not have available
sufficient financial resources to enable it to meet its
obligations as they fall due, or can secure such