4 Amendment of regulation 2
In regulation 2 (interpretation), in paragraph (1)(b)—
(a) in the definition of “non-UCITS retail scheme”, in paragraph (b) after “by virtue of section” insert “271A or”;
Section 271A of the Financial Services and Markets Act 2000 (c. 8) was inserted by paragraph 1 of Schedule 9 to the Financial Services Act 2021 (c. 22).
(b) in the definition of “recognised UCITS”—
(i) omit paragraph (a);
(ii) for paragraph (c) substitute—

“(c) a recognised scheme by virtue of section 271A or 272 of FISMA 2000 that is a UCITS within the meaning given by section 236A of that Act;
“FISMA 2000” is defined as the Financial Services and Markets Act 2000 in regulation 2(1)(b) of the Principal Regulations. Section 272 was amended by paragraph 9 of Schedule 18 to the Financial Services Act 2012 (c. 21), section 25(3) of the Financial Services Act 2021 and by S.I. 2013/1388, 2013/1773 and 2019/325.
Section 236A was inserted by S.I. 2019/325.”

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