PART 4Other amendments of subordinate legislation

Financial Services (Distance Marketing) Regulations 200456

In the Financial Services (Distance Marketing) Regulations 200476, 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 EEAUCITS or sub-fund of EEAUCITS).