Page 75 - Praetura EIS 2019 Fund Information Memorandum

Definitions

AIF Alternative Investment Fund, that is a collective investment undertaking, including investment compartments thereof, which (a) raises capital from a number of investors, with a view to investing it in accordance with a defined investment
policy for the benefit of those investors; and (b) does not require authorisation pursuant to article 5 of the UCITS directive
AIFM Alternative Investment Fund Manager, that is a legal person whose regular business is performing AIFM investment management functions for one or more AIFs
AIFMD Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending directives 2003/41/EC and 2009/65/EC and regulations (EC) no 1060/2009 and(EU) NO
1095/2010
AIM The Alternative Investment Market of the London Stock Exchange
Annual Management Charge An annual management charge of 2% of funds invested will be charged and taken one year in advance.

Applicable Laws All relevant UK laws, regulations and rules, including those of any government or of the FCA
Application Form An application form to invest in the Fund completed by the prospective investor in the form provided by the Fund Manager
Associate Any person which controls (directly or indirectly) or is controlled by the Fund Manager. For the purpose of this definition, ‘control’ shall refer to the ability to exercise significant influence over the operating or financial
policies of any person or entity
Appointed Representative (AR) In accordance with section 39 of the Financial Services & Markets Act an AR is a person who:
(a) is a party to a contract with an authorised person (his principal) which:
a. permits or requires him to carry on business of a description prescribed in the Appointed Representatives Regulations; and
b. complies with such requirements as are prescribed in those Regulations; and
(b) is someone for whose activities in carrying on the whole or part of that business his principal has accepted responsibility in writing; and who is therefore an exempt person in relation to any regulated activity c
omprised in the carrying on of that business for which his principal has accepted responsibility
BIR Business Investment Relief. Applicable to qualifying investments by UK resident non-domiciles
BPR Business Property Relief – relief from IHT pursuant to sections 1.3-14 IHTA 1984 for IHT purposes

BVCA British Venture Capital Association
CGT Capital Gains Tax
CGT Deferral EIS reinvestment (deferral) relief for chargeable capital gains under section 150C and Schedule 5B TCGA

Closing Date 5th April 2019, or such other date as the Manager may determine at its discretion
Collective Investment Scheme As defined in the Financial Services and Markets Act 2000
COBS FCA Conduct of Business Sourcebook

Custodian The Share Centre Limited, or such other or joint administrator and/or custodian as is appointed by the Fund Manager under the Investors’ Agreements from time to time. References to the Custodian
also include references to the Nominee which is wholly owned by The Share Centre Limited
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