On August 27, the FCA published a new webpage setting out frequently asked questions (FAQs) on passporting arrangements under the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD).

The FAQs are designed to help firms and their advisers with the passporting process.  The questions discuss: (i) identification of the competent authority; (ii) authorization as a manager of an AIF; and (iii) continuation of use of UCITS passports in relation to UCITS business.  Webpage.