Paragraph 16 Removal of the 20% rule
United Kingdom
(1)
In section 1146, omit subsection (6).
(2)
In consequence of the amendment made by sub-paragraph (1)—
(a)
omit section 1147 (investment managers: the 20% rule),
(b)
omit section 1148 (interpretation of section 1147), and
(c)
omit section 1149 (application of 20% rule to collective investment schemes).