Financial Services and Markets Act 2000

[F1351ADisclosure under the UCITS directiveU.K.

This section has no associated Explanatory Notes

(1)This section applies in relation to a disclosure made by a person who falls within subsection (2) for the purpose of compliance with requirements set out in rules made by [F2the FCA or the PRA] to implement Chapter VIII of the UCITS directive.

(2)The following persons fall within this subsection—

(a)the auditor of an authorised unit trust scheme [F3or authorised contractual scheme] that is a master UCITS;

(b)the trustee of an authorised unit trust scheme that is a master UCITS;

[F4(ba)the depositary of an authorised contractual scheme that is a master UCITS;]

(c)the auditor of an authorised unit trust scheme [F5or authorised contractual scheme] that is a feeder UCITS;

(d)the trustee of an authorised unit trust scheme that is a feeder UCITS; F6...

[F7(da)the depositary of an authorised contractual scheme that is a feeder UCITS; or]

[F8(e)a person acting on behalf of a person within any of paragraphs (a) to (da)]

(3)A disclosure to which this section applies is not to be taken as a contravention of any duty to which the person making the disclosure is subject.

(4)In this section, “authorised unit trust scheme”, [F9“authorised contractual scheme”,] “master UCITS” and “feeder UCITS” have the meaning given in section 237.]

Textual Amendments

F1S. 351A inserted (1.7.2011) by The Undertakings for Collective Investment in Transferable Securities Regulations 2011 (S.I. 2011/1613), reg. 2(28)

F2Words in s. 351A(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 12 para. 22 (with Sch. 20); S.I. 2013/423, art. 3, Sch.