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 ”.