(1) An Irish AIFM performing activities under these Regulations before 22 July 2013 shall, on and from that date, take all necessary measures to comply with these Regulations and shall submit an application to the Bank for authorisation under these Regulations within 1 year after that date.
(2) Regulations 32, 33 and 34 shall not apply to the marketing of units or shares of an AIF that are subject to a current offer to the public under a prospectus that has been drawn up and published in accordance with the Prospectus (Directive 2003/71/EC) Regulations 2005 (S.I. No. 324 of 2005) before 22 July 2013 for the duration of validity of that prospectus.
(3) An Irish AIFM in so far as it manages one or more than one AIF of the closed-ended type before 22 July 2013 which does not make any additional investments after that date may, however, continue to manage any such AIF without authorisation under these Regulations.
(4) An Irish AIFM in so far as it manages one or more than one AIF of the cl
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