Regulation 12 Directions: unit trust schemes
In section 257f1 (directions), in subsection (1)(b)—
(a)
in sub-paragraph (ii), for the words from “any” to “UCITS directive” substitute “UCITS-related direct EU legislation;”;
(b)
in sub-paragraph (iii), after “that Regulation” insert “which constitutes retained direct EU legislation”.
Annotations
Footnotes
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Section 257 was amended by paragraph 9 of Schedule 18 to the Financial Services Act 2012. Subsection (1)(b) was substituted by S.I. 2011/1613 and amended by S.I. 2018/698.