(1) In these Regulations -
"alternative investment fund" or "AIF" means a collective investment undertaking, including investment compartments thereof, which - (a) raises capital from a number of investors, with a view to investing it in accordance with a defined investment policy for the benefit of those investors, and (b) does not require authorisation under Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS);
"alternative investment fund manager" or "AIFM" means a legal person whose regular business is managing one or more than one AIF;
"Bank" means the Central Bank of Ireland;
"branch", in relation to an AIFM, means a place of business which is a part of the AIFM, which has no legal personality and which provides the services for which the AIFM has been authorised; where all the places of bu
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