SCHEDULE 1AMENDMENTS TO PRIMARY LEGISLATION

PART 1Amendments to the Financial Services and Markets Act 2000

36

In paragraph 2B of Schedule 6 (threshold conditions)85

a

in sub-paragraph (1), for “or (4)(a)”, substitute “, (4)(a) or (7)”;

b

after sub-paragraph (6), insert—

7

If A is seeking to carry on, or is carrying on, the regulated activity of managing an AIF and is, or upon being granted Part 4A permission to carry on that regulated activity would be, a full-scope UKAIFM, A’s head office and registered office must be in the United Kingdom.