Section 59(7C)

A regulator may not exercise the power in subsection (3) so as to provide for a function to be a controlled function in relation to the carrying on of the regulated activity of managing an AIF by an AIFM which— is also an AIF; does not manage any AIF other than itself; is a body corporate; and is not a collective investment scheme.

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Source: legislation.gov.uk · retrieved 2026-09-04