(1) An AIF falls within this paragraph if it is -
(a) a third country AIF, or
(b) a UK AIF or a Gibraltar AIF that is a feeder AIF, the master AIF of which is either managed by a third country AIFM or is a third country AIF, and
managed by an AIFM falling within paragraph (2).
(1A) An AIF does not fall within paragraph (1) if it is recognised under section 271A of the Act.
(2) An AIFM falls within this paragraph if it is -
(a) a full-scope UK AIFM; or
(b) a full-scope Gibraltar AIFM.
(3) An AIFM falling within paragraph (2) must give written notification to the FCA before marketing an AIF managed by it that falls within paragraph (1).
(4) The notification must include a statement confirming that the following conditions are met -
(a) subject to paragraph (5), the AIFM complies with the requirements of the Financial Services and Markets Act 2000, these Regulations, any EU tertiary legislation made under the directive which forms part of EU retained EU law and rules made by the FCA;
…