PART 3Amendments of the Undertakings for Collective Investment in Transferable Securities Regulations 2011

Reconstruction or amalgamation35

1

Regulation 8 is amended as follows.

2

In paragraph (1)44, for the words from “involving” to the end substitute “which is a merger where the UKUCITS 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 Act45, 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”.