(1) The FCA must keep a register of small registered UK AIFMs, and must enter an AIFM on the register if the conditions in paragraph (2), (3) or (4) are met.
(2) The conditions in this paragraph are that -
(ii) a small AIFM;
(iii) the internal AIFM of an AIF that is a body corporate and is not a collective investment scheme; and
(iv) not an external AIFM;
(b) none of the individuals responsible for the management or operation of the AIFM -
(i) has been convicted of any offence involving fraud or dishonesty, or any indictable offence, and for this purpose "offence" includes any act or omission which would have been an offence if it had taken place in the United Kingdom; or
(ii) is subject to a prohibition order; and
(c) grounds do not exist which would permit or require a court to make a disqualification order within the meaning of section 1(1) of the Company Directors Disqualification Act 1986 [1986 c. 46. Section 1(1) was amended by section 204(1) and
…