36.  In paragraph 2B of Schedule 6 (threshold conditions)(1)—

(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 UK AIFM, A’s head office and registered office must be in the United Kingdom.”.