2.01 The pre-AIFMD UK regulatory regime already applied to a range of investment vehicles and their sponsors, operators, depositaries, and managers. Many of these also now fall within the ambit of the AIFMD implementing rules. The scope of the pre-AIFMD regime was not identical to the AIFMD; in some respects it was narrower and in others broader. 2.02 In implementing the AIFMD, the UK government has left the pre-AIFMD regime largely untouched, so that the AIFMD implementing rules have been fitted into the existing regime and apply in parallel to existing rules. By...
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