Regulation 8 Depositaries

in paragraph (1)^f1, for “an EEA AIFM” substitute “a Gibraltar AIFM”;

in paragraph (3), for the words “Directive 98/26/EC” to “of that Directive” substitute “the Financial Markets and Insolvency (Settlement Finality) Regulations 1999^f2 by a designated system (within the meaning of regulation 2(1) of those Regulations)”.

in paragraph (1), for “Article 21.8(a) of the directive” substitute “rule 3.11.21 of the Investment Funds sourcebook”;

in paragraph (4)(b), for “implementing provisions relating to the second paragraph of Article 21.11 of the directive”, substitute “rule 3.11.28 of the Investment Funds sourcebook”;

in paragraph (5)(b), for “implementing provisions relating to the second paragraph of Article 21.11 of the directive”, substitute “rule 3.11.28 of the Investment Funds sourcebook”;

in paragraph (6), for “Article 21.8 of the directive” substitute “rules 3.11.21 and 3.11.23 of the Investment Funds sourcebook”;

in paragraph (7)—

in paragraph (1), for “Article 21.8(a) of the directive” substitute “rule 3.11.21 of the Investment Funds sourcebook”;

in paragraph (2), for “Article 21.8 of the directive” substitute “rules 3.11.21 and 3.11.23 of the Investment Funds sourcebook”.

in paragraph (1)(b), for “implementing provisions relating to Article 21.11(d)(ii) of the directive”, substitute “rule 3.11.28(4)(b) of the Investment Funds sourcebook”;

in paragraph (3)—

for “an EEA State” substitute “the United Kingdom or Gibraltar”;

for “the directive” substitute “the Financial Services and Markets Act 2000, these Regulations, and any EU tertiary legislation made under the directive which forms part of retained EU law”.