Regulation 35 Reconstruction or amalgamationI1

United Kingdom

(1)

Regulation 8 is amended as follows.

(2)

In paragraph (1) M1, for the words from “involving” to the end substitute “ which is a merger where the UK UCITS involved (or, if two or more are involved, at least one of them) has given notice to the Authority under paragraph 20B of Schedule 3 to the Act M2, and which takes the form of a merger by scheme of arrangement ”.

(3)

Omit paragraphs (2) and (3).

(4)

In paragraph (4)—

(a)

in sub-paragraph (a)—

(i)

after “transferor” insert “ UK ”;

(ii)

after “of a” insert “ UK ”;

(b)

in sub-paragraph (b)—

(i)

in paragraph (ii) after “existing” insert “ UK ”;

(ii)

in paragraph (iii) after “a” insert “ UK ”.

Annotations

Marginal citations

M1: Regulation 8(1) was amended by S.I. 2012/2015 and S.I. 2013/1388.
M2: Paragraph 20B of Schedule 3 was inserted by S.I. 2011/1613; amended by Schedule 4 to the Financial Services Act 2012 and S.I. 2013/1773.

Commencement

I1: Reg. 35 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)