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

http://www.legislation.gov.uk/uksi/2019/336/regulation/13/2019-02-21The Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019texttext/xmlenEXITING THE EUROPEAN UNIONFINANCIAL SERVICESStatute Law Database2024-05-16Expert Participation2019-02-21These Regulations are made in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018 (c. 16) in order to address failures of retained EU law to operate effectively and other deficiencies arising from the withdrawal of the United Kingdom from the European Union (and in particular the deficiencies referred to in paragraphs (a), (b), (c) and (g) of section 8(2) of that Act).PART 3Amendment of Regulation (EU) 2015/76013Eligible investments1

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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13
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