Alternative Investment Fund Designation Bill [HL] 2023-24
amend the Alternative Investment Fund Managers Regulations 2013 to remove Listed Investment Companies from Alternative Investment Fund designation; to make related changes to other relevant legislation; and for connected purposes.
Private Members' Bill (Starting in the House of Lords)
The Alternative Investment Fund Designation Bill [HL] is a Lords Private Members' Bill tabled by Baroness Altmann.
Is this Bill currently before Parliament?Yes. This Bill was introduced on 22 November 2023 and is currently before Parliament.
Whose idea is this Bill?As a Private Members' Bill, this Bill represents the individual initiative of an Member of the House of Lords (Baroness Altmann), not the Government.
What type of Bill is this?Lords Private Members' Bills can be tabled by any member, at any time during the Session. A number of Lords may win ballot slots to receive precedence in the Lords.
So is this going to become a law?Lords PMBs are extremely unlikely to become law. Unless the Bill receives unanimous support from MPs and can pass 2nd Reading in the Commons without debate, it will not proceed further in the Bill process.
How can I find out exactly what this Bill does?The most straightforward information is contained in the initial Explanatory Notes for the Bill.
Would you like to know more?See these Glossary articles for more information: Private Members Bill, Process of a Bill
Official Bill Page Initial Explanatory Notes Initial Briefing papers Ministerial Extracts from Debates All Bill Debates
Next Event: Wednesday 1st May 2024 - Committee stage
Last Event: Friday 1st March 2024 - 2nd reading (Lords)
Bill Progession through Parliament