FCA updates its AIFMD NPPR notification forms

Before being able to market certain Alternative Investment Funds (AIFs) under the NPPR in the UK, an AIFM must notify the Financial Conduct Authority (FCA) using the relevant form.

The FCA has now amended the forms to be used. Please note that the FCA has warned that, if a firm submits the old (December 2014) form when submitting a notification, this will not be accepted.

The updated (Excel) forms concerned are:

Article 36 notification form

This form is to be used by authorised UK and EEA AIFMs which market an AIF which is:

• a non-EEA AIF, or
• a feeder AIF that is a UK AIF or an EEA AIF, where the master fund is either (a) managed by a non-EEA AIFM or (b) a non-EEA AIF.

Before making an NPPR notification, the AIFM must have made the relevant AIFMD new fund under management notification.

Article 42 notification form

This form is for use by above-threshold non-EEA AIFMs which are marketing UK, EEA or non-EEA AIFs.

Non-EEA AIFMs must also complete notifications in respect of major holdings and control acquired after the date of their marketing notification.

Small Third Country notification form

This form is for use by sub-threshold non-EEA AIFMs marketing UK, EEA or non-EEA AIFs in the UK.

The FCA has also published a guidance note to help firms complete the above forms.

For more information, see the FCA’s NPPR webpage.