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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 36
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36.—(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 exit 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).
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