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 UKUCITS 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”.