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

Yn ddilys o 31/12/2020

Facilities available to investorsU.K.

This adran has no associated Memorandwm Esboniadol

31.—(1) Article 26 (facilities available to investors) is amended as follows.

(2) In paragraph 1—

(a)for “ELTIF” substitute “ LTIF ” in each place;

(b)omit “, in each Member State where it intends to market such units or shares,”.

(3) For paragraph 2, substitute—

2.  The FCA may make technical standards to specify the types and characteristics of the facilities referred to in paragraph 1, their technical infrastructure and the content of their tasks in respect of the retail investors..

Commencement Information

I1Reg. 31 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)