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The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019
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- UK Statutory Instruments
- 2019 No. 325
- PART 3
- Regulation 35
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35.—(1) Regulation 8 is amended as follows.
(2) In paragraph (1)(1), 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(2), 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”.
(1)
Regulation 8(1) was amended by S.I. 2012/2015 and S.I. 2013/1388.
(2)
Paragraph 20B of Schedule 3 was inserted by S.I. 2011/1613; amended by Schedule 4 to the Financial Services Act 2012 and S.I. 2013/1773.
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