PART 3Amendments of the Undertakings for Collective Investment in Transferable Securities Regulations 2011
Division of a master UCITS41.
(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)46 after “feeder UCITS in the” insert “UK”.