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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019

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Article 51ZD (acting as trustee or depositary of an AIF)U.K.

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134.—(1) Article 51ZD M1 (acting as trustee or depositary of an AIF) is amended as follows.

(2) In paragraph (2) omit sub-paragraph (b) and the preceding “or”.

(3) In paragraph (3), for sub-paragraph (a) substitute—

(a)a person appointed as a depositary by the AIFM in compliance with a requirement imposed by rule 3.11.10, 3.11.12 or 3.11.33 of the Investment Funds sourcebook; or.

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Commencement Information

I1Reg. 134 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M1Article 51ZD was inserted by S.I. 2013/1773.

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