SCHEDULES

SCHEDULE 3EEA Passport Rights

Part III Exercise of Passport Rights by UK Firms

F1Full-scope UKAIFMs: notification of breach by host state regulator

29.

If a host state regulator informs the FCA in accordance with paragraph 5 of Article 45 of the alternative investment fund managers directive that a full-scope UKAIFM has refused to provide the information or to take the steps referred to in that paragraph, the appropriate UK regulator must—

(a)

take steps to ensure that the AIFM provides the information or complies with the rules of which it is in breach;

(b)

request any necessary information from a supervisory authority in a country that is not an EEA State; and

(c)

notify the host state regulator of the steps taken under paragraph (a).