1. Introductory Text

2. PART 1 Introduction

   1. 1. Citation and commencement

3. PART 2 Amendment of secondary legislation

   1. CHAPTER 1 Amendment of the Alternative Investment Fund Managers Regulations 2013

      1. 2. Amendment of the Alternative Investment Fund Managers Regulations 2013

      2. 3. Introductory provisions

      3. 4. Authorisation of full-scope UK AIFMS

      4. 5. SEFs, RVECAs and small AIFMs

      5. 6. ELTIFs

      6. 7. Operating conditions

      7. 8. Depositaries

      8. 9. AIFs and control

      9. 10. Marketing of AIFs

      10. 11. Duties and powers of the FCA

      11. 12. Transfer of Directive Functions

      12. 13. Application of provisions of the Act

      13. 14. Transitional provisions

      14. 15. Final provisions

   2. CHAPTER 2 Amendment of the Alternative Investment Fund Managers (Amendment) Regulations 2013

      1. 16. Alternative Investment Fund Managers (Amendment) Regulations 2013

      2. 17. Commencement

      3. 18. Amendments

      4. 19. Consultation on rules for the purposes of Article 35 or 37 to 41 of the directive

      5. 20. Schedule 1

      6. 21. Schedule 2

4. PART 3 Amendment of EU delegated legislation

   1. 22. Commission Delegated Regulation (EU) No 231/2013

   2. 23. Definitions and general

   3. 24. Operating conditions for AIFMs: general principles

   4. 25. Conflicts of interest

   5. 26. Risk management

   6. 27. Liquidity management

   7. 28. Investment in securitisation positions

   8. 29. Organisational requirements: general principles

   9. 30. Valuation

   10. 31. Delegation of AIFM functions

   11. 32. Depositary: particulars of written contract

   12. 33. Depositaries in third countries

   13. 34. Depositary functions, due diligence duties and segregation obligation

   14. 35. Loss of financial instruments, liability discharge and objective reasons

   15. 36. Transparency requirements etc: annual report, disclosure and reporting

   16. 37. Transparency requirements etc: AIFMs managing leveraged AIFs

   17. 38. Rules relating to third countries

   18. 39. Exchange of information

   19. 40. Final provisions and annexes

   20. 41. Commission Implementing Regulation (EU) No 447/2013

   21. 42. Commission Implementing Regulation (EU) No 448/2013

   22. 43. Commission Delegated Regulation (EU) No 2015/514

5. Signature

6. Explanatory Note