Alternative Investment Fund Designation Bill [HL]

Key Points

• Removes Listed Investment Companies (LICs) from being designated as Alternative Investment Funds under the AIFM Regulations 2013.
• Puts in place related amendments to other legislation to reflect the change in designation.
• Aims to clarify and simplify how LICs are regulated within the broader AIF framework.
• Could affect duties and reporting requirements for Alternative Investment Fund Managers, LICs, investors, and regulatory bodies.

Progress

Currently at the Lords, 3rd reading. If approved, the bill would move to the House of Commons for consideration.