Interpretation of this Schedule
1. Any expression used in this Schedule which is used in the alternative investment fund managers directive, and not referred to in paragraph 1B, has the same meaning as in that directive.
1A. For the purposes of paragraph 1, in Article 4(1) (o) of the alternative investment fund managers directive (definition of "holding company") the reference to the Union is to be read as a reference to the United Kingdom.
1B. In this Schedule -
"parent undertaking" has the meaning given by section 1162 of the Companies Act 2006 [2006 c.46.] (read with Schedule 7 to that Act);
"subsidiary" has the meaning given to "subsidiary undertaking" by that section (read with that Schedule)".
Persons excluded
2. A small registered UK AIFM, in respect of the AIFs managed by it by virtue of which it is entitled to be registered as a small registered UK AIFM (but not in respect of any other AIFs managed by it).
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