PART 3Amendment of retained direct EU legislation
Amendment of the SFT regulation16
In Article 13—
a
in paragraph (1)—
i
in point (a), for “Article 68 of Directive 2009/65/EC” substitute “section 4.5.3 of the Collective Investment Schemes sourcebook”;
ii
in point (b), for “Article 22 of Directive 2011/61/EU” substitute “section 3.3 of the Investment Funds sourcebook”;
b
in paragraph (3)—
i
in the first subparagraph—
aa
for “Directives 2009/65/EC and 2011/61/EU” substitute “the UK law in relation to collective investment undertakings”;
bb
for “develop draft regulatory” substitute “make”;
ii
omit the second subparagraph.