The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019, Section 56 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
56. In the Financial Services (Distance Marketing) Regulations 2004 M1, in regulation 4—
(a)in paragraph (5)—
(i)for the words from “recognised scheme” to “EEA States)” substitute “ relevant recognised scheme ”;
(ii)after “capacity” insert “ , by virtue of regulation 72(2) of the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulation 2019 (“the 2019 Regulations”) (temporary authorisation of operator, trustee or depositary of recognised scheme) ”;
(b)for paragraph (6) substitute—
“(6) In paragraph (5)—
“operator”, “trustee” and “depositary” have the same meanings as in Part 17 of the 2000 Act (see section 237 of that Act);
“relevant recognised scheme” means a stand-alone scheme or sub-fund (within the meaning of Part 6 of the 2019 Regulations) that is a recognised scheme by virtue of regulation 62 of the 2019 Regulations (temporary recognition for EEA UCITS or sub-fund of EEA UCITS).”.
Commencement Information
I1Reg. 56 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)
Marginal Citations
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