Regulation 16 Authorisation orders: contractual schemesI1

United Kingdom

(1)

Section 261D M1 (authorisation orders) is amended as follows.

(2)

In subsection (5)—

(a)

omit “or another EEA State”;

(b)

for “country in which it is incorporated” substitute “ United Kingdom ”.

(3)

For subsection (6) substitute—

“(6)
The operator and the depositary must each have a place of business in the United Kingdom.”.

(4)

Omit subsection (7).

Annotations

M1: Section 261D was inserted by S.I. 2013/1388. There are amendments but none is relevant.

I1: Reg. 16 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)