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Point in time view as at 21/02/2019.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.
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Yn ddilys o 31/12/2020
Eligible investmentsU.K.
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Memorandwm Esboniadol
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.”.
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