Article 2 The Open-Ended Investment Companies (Amendment) Regulations 2011
The Amendment Regulations are amended as follows.
In regulation 2 (interpretation), after the definition of “authorised corporate director”, insert—
““Authority” has the meaning given in regulation 2(1) of the Principal Regulationsf1;”.
In regulation 4(4) (transitional provisions), for “regulatory objectives” substitute “operational objectives (within the meaning of section 1B(3) of the Financial Services and Markets Act 2000f2)”.
Annotations
Footnotes
- f1
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Regulation 2 of the Amendment Regulations defines the Principal Regulations as meaning the Open-Ended Investment Companies Regulations 2011, S.I. 2001/1228. Regulation 2 of the Principal Regulations, as amended by S.I. 2013/472, defines “the Authority” as meaning the FCA. Section 417 of the Financial Services and Markets Act 2000 (c.8), as amended by the Financial Service Act 2012 (c.21), section 48, defines “the FCA” as meaning the Financial Conduct Authority.
- f2
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Substituted by the Financial Services Act 2012, section 6.