Regulation 8 Authorisation orders: unit trust schemes

(1)

Section 243 (authorisation orders) is amended as follows.

(2)

In subsection (5)^f1—

(a)

omit “or another EEA State”;

(b)

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

(3)

For subsection (5A) substitute—

“(5A)
The manager and the trustee must each have a place of business in the United Kingdom.”.

(4)

Omit subsection (6).

Annotations

f1: Subsections (5) and (5A) were substituted for subsection (5) by S.I. 2011/1613.