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The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019

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65.—(1) The operator of a stand-alone scheme or sub-fund that is a recognised scheme by virtue of regulation 62 must notify the FCA if—

(a)there is a change affecting the information contained in or accompanying the notification under regulation 64,

(b)in the case of a stand-alone scheme, the authorisation of the stand-alone scheme by its home state regulator is varied or cancelled, or

(c)in the case of a sub-fund, the authorisation of the sub-fund or its umbrella scheme by its home state regulator is varied or cancelled.

(2) Where—

(a)in accordance with the UCITS directive the operator of a stand-alone scheme or sub-fund to which regulation 62 applies is required, by the law of the EEA State that is for the purposes of that directive the home state of the stand-alone scheme or sub-fund, to provide information to its home state regulator, and

(b)the information is information of a kind which, immediately before exit day, the home state regulator would have been required by the UCITS directive to provide to the FCA,

the operator must notify the FCA of that information.

(3) A notification under this regulation must—

(a)be made in such manner, and during such period, as the FCA may direct, and

(b)contain, or be accompanied by, such other information as the FCA may direct.

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