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
”
.