PART 3Amendments of the Undertakings for Collective Investment in Transferable Securities Regulations 2011
Reconstruction or amalgamationI135
1
Regulation 8 is amended as follows.
2
In paragraph (1) M1, for the words from “involving” to the end substitute “
which is a merger where the UK UCITS involved (or, if two or more are involved, at least one of them) has given notice to the Authority under paragraph 20B of Schedule 3 to the Act M2, and which takes the form of a merger by scheme of arrangement
”
.
3
Omit paragraphs (2) and (3).
4
In paragraph (4)—
a
in sub-paragraph (a)—
i
after “transferor” insert “
UK
”
;
ii
after “of a” insert “
UK
”
;
b
in sub-paragraph (b)—
i
in paragraph (ii) after “existing” insert “
UK
”
;
ii
in paragraph (iii) after “a” insert “
UK
”
.