# The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019, Regulation 16: Authorisation orders: contractual schemes


(1) Section 261D (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).

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111177259/regulation/16 (the official version)
Page: https://openlegislation.uk/draft-collective-investment-schemes-amendment-etc-eu-exit-regulations-2019/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.