PART 3Amendments of the Undertakings for Collective Investment in Transferable Securities Regulations 2011
Division of a master UCITSI141
1
Regulation 15 is amended as follows.
2
In paragraph (2)—
a
after “a master UCITS” insert “
which is a UK UCITS and
”
;
b
after “two or more” insert “
UK
”
.
3
In paragraph (3) for “competent authorities of each of its feeder UCITS” substitute “
Authority
”
.
4
In paragraph (5) M1 after “feeder UCITS in the” insert “
UK
”
.