The Collective Investment Schemes (Miscellaneous Amendments) Regulations 2003

References to the UCITS Directive

13.—(1) In section 199(8) of the Companies Act 1985(1) (definition of “UCITS”), for the words from “Council Directive 85/611/EEC” to “transferable securities”, substitute “Council Directive 85/611/EEC on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, as last amended by European Parliament and Council Directive 2001/108/EC”.(2)

(2) In regulation 2(1)(b) of the Personal Equity Plan Regulations 1989(3) (interpretation), in the definition of “UCITS”, for “Council Directive 85/611”, substitute “Council Directive 85/611/EEC, as last amended by European Parliament and Council Directive 2001/108/EC”.

(3) In Part 3 of Schedule 1 to the Local Government Pension Scheme (Management and Investment of Funds) Regulations 1998(4) (interpretation), in the definition of “open-ended investment company”, for the words from “Council Directive No. 85/611/EEC” to “as amended” substitute “Council Directive No. 85/611/EEC co-ordinating the laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, as last amended by European Parliament and Council Directive No. 2001/108/EC”.

(4) In regulation 2(1)(b) of the Individual Savings Account Regulations 1998(5) (interpretation), in the definition of “UCITS”, for “Council Directive 85/611”, substitute “Council Directive 85/611/EEC, as last amended by European Parliament and Council Directive 2001/108/EC”.

(5) In the Schedule to the Cross-Border Credit Transfer Regulations 1999(6), for “Directive 85/611/EEC”, substitute “Directive 85/611/EEC, as last amended by Directive 2001/108/EC”.

(6) In regulation 2(1) of the Personal Pension Schemes (Restriction on Discretion to Approve) (Permitted Investments) Regulations 2001(7) (interpretation), in the definition of “UCITS”, for “Council Directive 85/611”, substitute “Council Directive 85/611/EEC, as last amended by European Parliament and Council Directive 2001/108/EC”.

(7) In the Open-Ended Investment Companies Regulations 2001(8)—

(a) in regulation 2(1) (interpretation), omit the definition of “the UCITS Directive”; and

(b) in regulation 17(1) (certificates), for “the UCITS Directive”, substitute “the UCITS directive”.

(1)

1985 c. 6. Subsection (8) was inserted by S.I. 1993/1819 and amended by S.I. 2001/3649.

(2)

OJ L41, 13.2.2002, p. 35.

(3)

S.I. 1989/469; amended by S.I. 2001/923.

(4)

S.I. 1998/1831; amended by S.I. 1999/3259 and by S.I. 2001/3649.

(5)

S.I. 1998/1870.

(6)

S.I. 1999/1876.

(7)

S.I. 2001/117; amended by S.I. 2001/3629.

(8)

S.I. 2001/1228; amended by S.I. 2001/3755.