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

Other duties of operatorU.K.

This section has no associated Explanatory Memorandum

66.—(1) The operator of a stand-alone scheme or sub-fund that is a recognised scheme by virtue of regulation 62 must comply with duties corresponding to those that, if the United Kingdom were a UCITS host Member State for the purposes of the UCITS directive, would be imposed on the operator in accordance with the following provisions of that directive—

(a)Article 43(4);

(b)Article 64(2);

(c)Article 84(3);

(d)the final sentence of Article 93(7);

(e)Article 93(8);

(f)Article 94.

(2) For the purposes of this regulation, those provisions are to be read as if—

(a)references to the UCITS host member State, or to a member State where the UCITS markets its units, were references to the United Kingdom;

(b)references to the competent authority of the UCITS host member State or of the member State where the UCITS markets its units were references to the FCA.

Commencement Information

I1Reg. 66 in force at 20.2.2019, see reg. 1(3)