Regulation 16 Authorisation orders: contractual schemes

(1)

Section 261D^f1 (authorisation orders) is amended as follows.

(2)

In subsection (5)—

(a)

omit “or another EEA State”;

(b)

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

(3)

For subsection (6) substitute—

“(6)
The operator and the depositary must each have a place of business in the United Kingdom.”.

(4)

Omit subsection (7).

Annotations

f1: Section 261D was inserted by S.I. 2013/1388. There are amendments but none is relevant.