2014 No. 1313

Financial Services And Markets

The Alternative Investment Fund Managers (Amendment) Order 2014

Made

Laid before Parliament

Coming into force

The Treasury are a government department designated1 for the purposes of section 2(2) of the European Communities Act 19722 in relation to financial services.

The Treasury make this Order in exercise of the powers conferred on them under section 2(2) of the European Communities Act 1972 and sections 22(1), 409(1)(a) and (b) and 428(3) of, and paragraph 25 of Schedule 2 to, the Financial Services and Markets Act 20003.

Citation and commencement1

This Order may be cited as the Alternative Investment Fund Managers (Amendment) Order 2014 and comes into force on 31st May 2014.

Amendment of the Investment Fund Managers Order 20142

In the Alternative Investment Fund Managers Order 20144—

a

in article 1(2) (commencement) and the heading of Part 2 (amendments coming into force on 1st June 2014) for “1st June” substitute “16th June”; and

b

in articles 1(3) (commencement) and 7(3)(a) and (5)(b) (notification of insurance mediation activity) for “1st July” substitute “22nd July”.

Stephen CrabbSam GyimahTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Order)

This Order amends the dates on which the Alternative Investment Fund Managers Order 2014 (S.I. 2014/1292) comes into force, and the date by which a person must notify the Financial Conduct Authority of an intention to carry on insurance mediation activity if the person wishes article 7(5) or (6) of that Order to apply to them so that they are treated as having permission under Part 4A of the Financial Services and Markets Act 2000 (c. 8) to carry on insurance mediation activity, or as having applied for such permission.

An impact assessment has not been produced for this instrument as no impact on the costs of business or the voluntary sector is foreseen.