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The Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019

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Point in time view as at 21/02/2019. This version of this provision is not valid for this point in time. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the The Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019, Section 13. Help about Changes to Legislation

Yn ddilys o 31/12/2020

Eligible investmentsU.K.

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13.—(1) Article 9 (eligible investments) is amended as follows.

(2) In paragraph 1—

(a)for “ELTIF” substitute “ LTIF ”;

(b)after point (a) insert—

(aa)assets permitted by section 2 of Chapter 5 of the Collective Investment Schemes sourcebook as if the LTIF were a UK UCITS as defined in section 237(3) of FSMA;.

(3) In paragraph 2, for “ELTIF” substitute “ LTIF ” in each place.

(4) For paragraph 3 substitute—

3.  The FCA may make technical standards specifying criteria for establishing the circumstances in which the use of financial derivative instruments solely serves the purpose of hedging the risks inherent to the investments referred to in point (d) of paragraph 2..

Commencement Information

I1Reg. 13 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

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