Regulation 32 Persons concerned in collective investment schemes

(1)

Schedule 5 (persons concerned in collective investment schemes) is amended as follows.

(2)

In paragraph 1^f1—

(a)

omit sub-paragraphs (1) and (2), and

(b)

in sub-paragraph (4), for paragraph (b) substitute—

“(b)
which is a UCITS as defined in section 236A,”.

(3)

In paragraph 2, omit sub-paragraph (1).

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