Home FCA Handbook FUND FUND 3 FUND 3.12 Marketing a UK AIF in the UK
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FUND 3.12 Marketing a UK AIF in the UK

Application

01/01/2021G

This section applies to:

  1. (1)

    a full-scope UK AIFM of a UK AIF.

  2. (2)

    [deleted]

Marketing application

01/01/2021D

Under regulation 54 (FCA approval for marketing) of the AIFMD UK regulation, a full-scope UK AIFM may apply to market a UK AIF it manages in the UK by submitting a notice to the FCA in the form set out in FUND 3 Annex 1 D.

01/01/2021G

If the UK AIF is a feeder AIF, the master AIF needs to be an AIF that is not managed by a non-UK AIFM or is not a non-UK AIF for it to be marketed in accordance with regulation 54 of the AIFMD UK Regulation. If the master AIF is managed by a non-UK AIFM or is a non-UK AIF, the AIF may be marketed in the UK in accordance with regulation of the AIFMD UK regulation (see FUND 10.5.9G (Marketing of AIFs managed by other third-country AIFMs).

01/01/2021G
  1. (1)

    A full-scope UK AIFM may use the form set out in FUND 3 Annex 1 D to apply to market a UK AIF (that is not a feeder AIF, the master AIF of which is managed by a non-UK AIFM or is a non-UK AIF) to professional clients and/or retail clients.

  2. (2)

    A full-scope UK AIFM may inform the FCA of its intention to market such an AIF in the UK in its application to become authorised as a Full-scope UK AIFM, in which case the firm does not also have to submit the form in FUND 3 Annex 1 D in respect of that marketing.

  3. (3)

    [deleted]

22/07/2013G

A full-scope UK AIFM that intends to market to retail clients should consider the application of the financial promotions regime and ensure it is compliant with the relevant requirements (see PERG 8.37.14 G (Application of the financial promotion and scheme promotion restrictions)).