On April 21, the Financial Conduct Authority (FCA) updated its webpage of guidance on the United Kingdom’s national private placement regime (NPPR) for the marketing of non-EU funds in the United Kingdom by non-UK managers under the Alternative Investment Fund Managers Directive.
The FCA has published new notification forms that should be submitted to the FCA in the event that a non-UK manager, which had filed with the FCA to be eligible to conduct marketing in the United Kingdom under the UK NPPR, has any material changes to the information previously submitted to the FCA. The FCA also has published a guidance note to assist firms when completing these forms.
Firms should submit any such forms to NPPRChanges@fca.org.uk. The subject line of the email should contain the firm reference number (obtained when originally filing with the FCA) followed by the words “NPPR Material Change notification”. Only one material change form may be submitted per email.
For more information, see the FCA’s NPPR webpage.