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Regulation 15 Qualifying portfolio undertaking

Original text. Later amendments are not shown.

(1)

In Article 11 (qualifying portfolio undertaking), paragraph 1 is amended as follows.

(2)

In point (b)—

(a)

after “trading on a” in both places insert “UK regulated market or an EU”;

(b)

after “or on a” in both places insert “UK multilateral trading facility or an EU”.

(3)

In point (c)—

(a)

after “established in” insert “the United Kingdom or”;

(b)

for the words from “home” to “marketed” substitute “United Kingdom”.