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

Report by depositary or auditorI138

In regulation 11—

a

in paragraph (1)—

i

in the opening words omit “UK”;

ii

in sub-paragraph (a) omit “referred to in Article 47(1) of the UCITS directive”;

iii

in sub-paragraph (c) omit “, as referred to in Article 47(1) of the UCITS directive”;

b

in paragraph (4)(b) omit “and, in relation to a cross-border merger, the competent authorities of the EEA UCITS concerned”.