The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019

Reconstruction or amalgamation U.K.

35.—(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 ”.

Commencement Information

I1 Reg. 35 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

Marginal Citations

M1 Regulation 8(1) was amended by S.I. 2012/2015 and S.I. 2013/1388.

M2 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.