Information to home state regulatorU.K.
[F115C(1)Where an EEA firm falling within paragraph 5(f) has applied to manage a UCITS established in the United Kingdom, the [F2appropriate UK regulator, as defined in paragraph 15A(7),] must without delay inform the home state regulator of that firm of any problem of which they are aware that may materially affect the ability of the firm—
(a)to perform its duties properly, or
(b)to comply with the home state rules.
(2) In sub-paragraph (1), “ home state rules ” means rules—
(a)made by the EEA State concerned in accordance with the UCITS directive; and
(b)which are the responsibility of that EEA State (both as to implementation and as to supervision of compliance) in accordance with that directive.]
Textual Amendments
F1Sch. 3 paras. 15A-15C substituted for Sch. 3 para. 15A (1.7.2011) by The Undertakings for Collective Investment in Transferable Securities Regulations 2011 (S.I. 2011/1613), reg. 2(33)(d)
F2Words in Sch. 3 para. 15C(1) substituted (27.2.2013 for specified purposes) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 4 para. 6 (with Sch. 20); S.I. 2013/423, art. 2