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Changes over time for: Section 13
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
No versions valid at: 21/02/2019
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Point in time view as at 21/02/2019.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.
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Changes to legislation:
There are currently no known outstanding effects for the The Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019, Section 13.
Changes to Legislation
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Valid from 31/12/2020
Eligible investmentsU.K.
This section has no associated Explanatory Memorandum
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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