Regulation 36 Application for authorisationI1

United Kingdom

(1)

Regulation 9 is amended as follows.

(2)

In paragraph (1) omit “UK”.

(3)

In paragraph (2)—

(a)

omit sub-paragraph (b);

(b)

in sub-paragraph (c)—

(i)

omit “or by the competent authorities of an EEA UCITS involved in the merger”;

(ii)

in paragraph (i) omit “the type of merger and of”.

(4)

Omit paragraphs (3) and (5).

(5)

In paragraph (8)—

(a)

in sub-paragraph (b) for “UK” substitute “ merging ”;

(b)

for sub-paragraph (c) substitute—

“(c)
the receiving UCITS gave the Authority notice of its intention to market its units in another EEA State and, before F1IP completion day, that notification was transmitted under Article 93 of the UCITS directive to the competent authorities of those EEA States in which the merging UCITS was able to market its units; and”;

(c)

for sub-paragraph (d), substitute—

“(d)
the Authority is satisfied with the proposed information to be provided to unit-holders.”.

(6)

Omit paragraph (10).

Annotations

Textual amendments

F1: Words in reg. 36(5)(b) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 18(c)

Commencement

I1: Reg. 36 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)