Full-scope UK Alternative Investment Fund Managers (AIFMs) are required to notify us of material changes to the conditions for initial authorisation, in particular material changes to the information provided at authorisation in accordance with Article 10.
A change should be deemed as material if there is a substantial likelihood that a reasonable investor, becoming aware of such information, would reconsider its investment in the AIF, including because such information could have an impact on an investor’s ability to exercise their rights in relation to investment, or otherwise prejudice the interests of one or more investors in the AIF. Firms are encouraged to assess the materiality of the change being notified against this principle.
Notify us of a material change to the conditions for authorisation
An AIFM should notify us of a material change at least one month before the change takes effect.
A material change must be notified before its implementation.
AIFs affected by other UK permissions or regimes
An AIF may be subject to rules, and an obligation to report changes, in respect of other UK permissions or regimes. Please follow the relevant link(s) for information on reporting a material change under these regimes.
- AIFMD management passport
- AIFMD marketing
- Authorised fund
- Prospectus directive
- Listing regime (for chapter 15 funds)