PART 4Other amendments of subordinate legislation

Financial Services (Distance Marketing) Regulations 2004I156

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).