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

Application for authorisationI136

1

Regulation 9 is amended as follows.

2

In paragraph (1) omit “UK”.

3

In paragraph (2)—

a

omit sub-paragraph (b);

b

in sub-paragraph (c)—

i

omit “or by the competent authorities of an EEA UCITS involved in the merger”;

ii

in paragraph (i) omit “the type of merger and of”.

4

Omit paragraphs (3) and (5).

5

In paragraph (8)—

a

in sub-paragraph (b) for “UK” substitute “ merging ”;

b

for sub-paragraph (c) substitute—

c

the receiving UCITS gave the Authority notice of its intention to market its units in another EEA State and, before F1IP completion day, that notification was transmitted under Article 93 of the UCITS directive to the competent authorities of those EEA States in which the merging UCITS was able to market its units; and

c

for sub-paragraph (d), substitute—

d

the Authority is satisfied with the proposed information to be provided to unit-holders.

6

Omit paragraph (10).