- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
The Undertakings for Collective Investment in Transferable Securities Regulations 2011 is up to date with all changes known to be in force on or before 20 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Regulation 16
Textual Amendments
F1 Sch. renumbered as Sch. 1 (31.12.2020) by The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/325), regs. 1(2), 47(2) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
1.—(1) The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 M1 is amended as follows.
(2) In article 3(1), for the definition of “management company” substitute—
“management company” has the meaning given by Article 2.1(b) of the UCITS directive;”.
(3) In article 83(4)(b), for “Article 5(3)” substitute “ Article 6(3) ”.
(4) In article 84(1D)(b) for “Article 5(3)” substitute “ Article 6(3) ”.
(5) In article 85(4)(b) for “Article 5(3)” substitute “ Article 6(3) ”.
Marginal Citations
M1S.I. 2001/544, amended by S.I. 2006/3384; there are other amending instruments but none are relevant.
2.—(1) The Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes)(Exemptions) Order 2001 M2 is amended as follows.
(2) In article 10A(3), for “Article 4” substitute “ Article 5 ”.
(3) In article 30, for the words “(notice indicating” to the end of the article, substitute “ (notice indicating the existence of grounds for refusal of an application for authorisation) ”.
Marginal Citations
M2S.I. 2001/1060, amended by S.I. 2002/2157 and 2003/2067. There are other amending instruments but none are relevant.
3.—(1) The Electronic Commerce Directive (Financial Services and Markets) Regulations 2002 M3 are amended as follows.
(2) In regulation 2(1)—
(a)in the definition of “UCITS Directive” for “Directive 85/611/EEC of the Council of the European Communities of 20 December 1985” substitute “ Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 ”;
(b)in the definition of “UCITS Directive Scheme” for “Article 4” substitute “ Article 5 ”.
Marginal Citations
M3S.I. 2002/1775. There are amending instruments but none are relevant.
4.—(1) The Reporting of Savings Income Information Regulations 2003 M4 are amended as follows.
(2) In regulation 2(1), in the definition of “the UCITS Directive”, for “Council Directive 85/611/EEC of 20th December 1985” substitute “ Council Directive 2009/65/EC of 13th July 2009 ”.
Marginal Citations
M4S.I. 2003/3297. There are amending instruments but none are relevant.
5.—(1) The Financial Conglomerates and Other Financial Groups Regulations 2004 M5 are amended as follows.
(2) In regulation 1(2), in paragraph (c) of the definition of “regulated entity”—
(a)for “Article 1a(2)” substitute “ Article 2.1(b) ”, and
(b)for “Article 5”, substitute “ Article 6 ”.
Marginal Citations
M5S.I. 2004/1862, amended by S.I. 2004/1862, 2006/3221, 2007/126.
6.—(1) The Montserrat Reporting of Savings Income Order 2005 M6 is amended as follows.
(2) In article 3(1), in the definition of “the European UCITS Directive”, for “Council Directive 85/611/EEC of 20th December 1985” substitute “ Council Directive 2009/65/EC of 13th July 2009 ”.
Marginal Citations
7.—(1) The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 M7 is amended as follows.
(2) In article 20B, for paragraph (3), substitute—
“(3) In this article, “UCITS directive scheme” means an undertaking for collective investment in transferable securities which is subject to Directive 2009/65/EC of the European Parliament and of the Council of 13th July 2009 on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities and has been authorised in accordance with Article 5 of that Directive.”
(3) In Schedule 1, in paragraph 21(4)(b), for “Article 5(3)” substitute “ Article 6(3) ”.
Marginal Citations
M7S.I. 2005/1529. Article 20B was inserted by S.I. 2002/2157.
8.—(1) The Financial Services and Markets Act 2000 (Controllers) (Exemption) Order 2009 M8 is amended as follows.
(2) In article 2, in paragraph (c) of the definition of “relevant UK authorised person”, for “Article 1a.2” substitute “ Article 2.1(b) ”.
Marginal Citations
Regulation 18
Textual Amendments
F2Sch. 2 inserted (31.12.2020) by The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/325), regs. 1(2), 47(2) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
1. The purposes mentioned in regulation 18 are as follows.U.K.
2. To specify the information to be provided to the Authority in the application for authorisation of a UCITS.U.K.
3. To specify—U.K.
(a)the information to be provided to the Authority in the application for the authorisation of the management company, including the programme of activity;
(b)the requirements applicable to the management company in relation to paragraph 2C(1)(f) of Schedule 6 to the Act and the information to be included in the notification by the Authority as to whether or not authorisation has been granted as provided for in sections 55V(1), 55X(1), (2) and (4), 387(1) and 388(1) of the Act; and
(c)the requirements applicable to shareholders and members with qualifying holdings, as well as obstacles which may prevent effective exercise of the supervisory functions of the Authority, as provided for in section 55U(4) of the Act and in paragraph 2C and 3B of Schedule 6 to the Act, in accordance with Part 12 of the Act.
5. To determine standard forms, templates and procedures for the notification or provision of information provided for in paragraphs 3(a) and (b).U.K.
6. To specify the information to be provided to the Authority in the application for the authorisation of the contractual scheme, unit trust scheme, or open-ended investment company as a UK UCITS, including the programme of operations.U.K.
7. To establish standard forms, templates and procedures for the provision of information referred to in paragraph 6.U.K.
8. To specify the provisions concerning the content of the prospectus, the annual report and the half-yearly report, and the format of those documents.U.K.
9. To specify the conditions which need to be met by the UCITS after the adoption of the temporary suspension of the re-purchase or redemption of the units of the UCITS, once the suspension has been decided.]U.K.
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Rhychwant ddaearyddol: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Dangos Llinell Amser Newidiadau: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Mae Memoranda Esboniadol yn nodi datganiad byr o ddiben Offeryn Statudol ac yn rhoi gwybodaeth am ei amcan polisi a goblygiadau polisi. Maent yn ceisio gwneud yr Offeryn Statudol yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol, ac maent yn cyd-fynd ag unrhyw Offeryn Statudol neu Offeryn Statudol Drafft a gyflwynwyd ger bron y Senedd o Fehefin 2004 ymlaen.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
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.
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys