PART 2Amendments of the Financial Services and Markets Act 2000

Directions: unit trust schemesI112

In section 257 M1 (directions), in subsection (1)(b)—

a

in sub-paragraph (ii), for the words from “any” to “UCITS directive” substitute “ UCITS-related direct EU legislation; ”;

b

in sub-paragraph (iii), after “that Regulation” insert “ which constitutes retained direct EU legislation ”.