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”.