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

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Single Market Directive … Page 45 of 91 Appendix 1 investment exchange so irregularly or infrequently: (a) ... (d) the Insurance Mediation Directive; and (e) the UCITS Directive; and (f) AIFMD. trading book (1) … (2) (in BIPRU, GENPRU and, BSOCS and IPRU(INV) 7 and in relation to a BIPRU firm) has the meaning in BIPRU 1.2 (Definition of the trading book) which is in summary, all that firm's positions in CRD financial instruments and commodities held either with trading intent or in order to hedge other elements of the trading book, and which are either free of any restrictive covenants on their tradability or able to be hedged. (3) … unit (1) (in relation to a collective investment scheme) the investment, specified in article 81 of the Regulated Activities Order (Units in a collective investment scheme) and defined in section 237(2) of the Act (Other definitions)), which is the right or interest (however described) of the participants in a collective investment scheme; this includes: (a) (in relation to an AUT) a unit representing the rights or interests of the unitholders in the AUT; and (b) (in relation to an ICVC) a share in the ICVC; and (2) (in relation to an alternative investment fund) the right or interest (however described) of an investor in an alternative investment fund.
Annex C Amendments to the Senior Management Arrangements, Systems and Controls sourcebook (SYSC) Page 46 of 91 Appendix 1 In this Annex, underlining indicates new text and striking though indicates deleted text except where indicated otherwise. 4.1 General requirements 4.1.1 R … (3) A full scope UK AIFM must comply with the AIFM Remuneration Code. [Note: article 22(1) of the Banking Consolidation Directive, article 13(5) second paragraph of MiFID and, article 12(1)(a) of the UCITS Directive, and article 13(1) of AIFMD] 4.1.1A R A full scope UK AIFM must in particular: (1) have rules for personal transactions by its employees or for the holding or management of investments it invests on its own account; (2) ensure that each transaction involving the AIFs may be reconstructed according to its origin, the parties to it, its nature, and the time and place at which it was effected; and (3) ensure that the assets of the AIFs managed by the AIFM are invested in accordance with the instrument constituting the fund and the legal provisions in force. [Note: article 18(1) second paragraph of AIFMD] 4.1.2 R For a common platform firm, the arrangements, processes and mechanisms referred to in SYSC 4.1.1R must be comprehensive and proportionate to the nature, scale and complexity of the common platform firm's activities and must take into account the specific technical criteria described in SYSC 4.1.7R, SYSC 5.1.7R, SYSC 7 and (for a BIPRU firm and a third country BIPRU firm) SYSC 19A or (for a full scope UK AIFM) SYSC 19B. … 4.1.2B R For a management company or a full scope UK AIFM, the arrangements, processes and mechanisms referred to in SYSC 4.1.1R and SYSC 4.1.1AR must also take account of the UCITS schemes and EEA UCITS schemes managed by the management company or the AIFs managed by the full scope UK AIFM.
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Consultation Paper CP12/32 Financia
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The Financial Services Authority in
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CP12/32 Implementation of the Alter
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Annex 2 List of consultation questi
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Annex 2 November 2012 CP12/32 Imple
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Page 124 and 125: ALTERNATIVE INVESTMENT FUND MANAGER
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Page 130 and 131: 3.2.5 R An AIFM must, for each AIF
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Page 134 and 135: Page 11 of 91 Appendix 1 (4) the id
Page 136 and 137: [Note: article 15(1) of AIFMD] this
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Page 140 and 141: Page 17 of 91 Appendix 1 (b) the re
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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
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Page 166 and 167: esources only at excessive cost. Pa
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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
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Page 186 and 187: Types of investment firm: BIPRU 50K
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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
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Page 198 and 199: initial capital (see item 5) if the
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Page 202 and 203: Annex H Amendments to the Supervisi
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Page 206 and 207: … Data item SUP 16.12.12R, unless
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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
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Professional negligence capital req
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is not listed, select ‘Other’.
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FSA067 Capital adequacy - supplemen
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PII capital requirement 5A This is
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External validations Validation Dat
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