Regulation 12 Directions: unit trust schemesI1

United Kingdom

In section 257 M1 (directions), in subsection (1)(b)—

(a)

in sub-paragraph (ii), for the words from “any” to “UCITS directive” substitute “ UCITS-related direct EU legislation; ”;

(b)

in sub-paragraph (iii), after “that Regulation” insert “ which constitutes retained direct EU legislation ”.

Annotations

M1: Section 257 was amended by paragraph 9 of Schedule 18 to the Financial Services Act 2012. Subsection (1)(b) was substituted by S.I. 2011/1613 and amended by S.I. 2018/698.

I1: Reg. 12 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)