Regulation 52 Open-Ended Investment Companies Regulations 2001I1

The Open-Ended Investment Companies Regulations 2001 M1 are amended as follows.

After regulation 2(3) M2 insert—

“(4)

Any reference in these Regulations to the Collective Investment Schemes sourcebook is a reference to the Collective Investment Schemes sourcebook made under the Act by the Authority, as it has effect on F1IP completion day.”.

In regulation 15(6) M3—

In regulation 15(8)(a) M4, omit “or another EEA State”.

In regulation 17(1) M5, for “enjoy the rights conferred by the UCITS directive” substitute “ be a UCITS ”.

In regulation 19(1)(a)—

In regulation 22A M6, in paragraph (9), for sub-paragraphs (a) and (b) substitute—

“(a)

rule 11.6.3R(2) of the Collective Investment Schemes sourcebook, or

(b)

UCITS-related direct EU legislation as defined in section 237(3) M7 of the Act”.

Omit regulation 29A M8.

In regulation 29B M9—

In regulation 33A(4)(b) M10, after “convert into a” insert “ UK ”.

In regulation 33B(2)(b) M11, after “convert into a” insert “ UK ”.

In regulation 70 M12, for “within the meaning of Article 2.1(p) of the UCITS directive” substitute “ to which Part 4 of the Undertakings for Collective Investment in Transferable Securities Regulations 2011 applies ”.

In Schedule 5, in paragraph 4(5A) M13 for “for the purpose of implementing the UCITS directive or any commission directive made under the UCITS directive” substitute “ that are UCITS ”.