Apply to be a registered AIFM

70% of the capital received from investors must be invested in social undertakings where the primary objective is to:

• provide services or goods which generate a social return
• employ a method of production of goods or services that embodies its social objective, or
• provide financial support exclusively to social undertakings as defined in the 2 points above

70% of the capital received from investors must be invested in small and medium sized enterprises that meet the definition of a qualifying portfolio undertaking, as described in article 3 of the amended Venture Capital Funds regulations.

Please complete all the forms below, which you can access on Connect:

• Application for entry on register of small registered UK AIFMs
• Schedule of registered AIFs

Please complete all the forms below, which you can access on Connect:

• Application for entry on register of SEF or RVECA managers
• Schedule of registered AIFs
• Notification of senior personnel that effectively direct the business of a SEF and or RVECA fund

You need to show that your firm has sufficient resources.

Your financial forecast should be for 3 years and include:

• profit and loss (monthly for Year 1, year-end for Years 2 and 3)
• balance sheet
• cash flow and capital analysis

Please provide an unprotected Excel spreadsheet with assumptions and formulas left visible (ie include working papers showing the assumptions on which the calculations have been based).

The monthly profit and loss forecast must disclose all the following:

1. gross income, analysed between registered and unregistered activities
2. business expenditure, relevant annual expenditure and analysis of the major overhead expenditure
3. profit before taxation

SEF and RVECA managers – in your monthly calculation, demonstrate how your firm's capital resources will meet your resource requirements.

Find out more about preparing your firm's financial information.

Your application should include information on the areas below. This needs to be detailed enough for us to assess the potential impact on your proposed business model.

Liquidity management
Explain how your portfolio/fund liquidity management policy ensures portfolio/fund liquidity is managed in line with our requirements and the expectations of your clients.

Consumer Duty
Explain your plans for ensuring your business can provide good outcomes for retail customers and will meet our cross-cutting and outcome rules. Find out more about the Consumer Duty.

Environmental, Social and Governance (ESG)
If ESG-related advice, products or services are expected to be a material part of your business model, we expect you to include information on your specific ESG competencies, any data products and your marketing strategy.