Regulation 8 Authorisation orders: unit trust schemesI1

United Kingdom

(1)

Section 243 (authorisation orders) is amended as follows.

(2)

In subsection (5) M1—

(a)

omit “or another EEA State”;

(b)

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

(3)

For subsection (5A) substitute—

“(5A)
The manager and the trustee must each have a place of business in the United Kingdom.”.

(4)

Omit subsection (6).

Annotations

M1: Subsections (5) and (5A) were substituted for subsection (5) by S.I. 2011/1613.

I1: Reg. 8 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)