{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-132",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-132.json",
  "legislation": "uksi/2019/632",
  "legislation_title": "The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019",
  "path": "regulation/132",
  "kind": "regulation",
  "number": "132",
  "heading": "Article 51ZA (managing a UCITS)",
  "text": "(1) Article 51ZA (managing a UCITS) is amended as set out in paragraphs (2) to (4).\n(2) In the heading and in paragraph (1), for “a UCITS” substitute “ a UK UCITS ”.\n(3) For paragraph (2) substitute—\n“(2) A person manages a UK UCITS when the person carries on collective portfolio management of it.\n(2A) In paragraph (2) “collective portfolio management” includes investment management, administration and marketing; and “administration” here means—\n(a) legal and fund management accounting services;\n(b) customer inquiries;\n(c) valuation and pricing (including tax returns);\n(d) regulatory compliance monitoring;\n(e) maintenance of unit-holder register;\n(f) distribution of income;\n(g) unit issues and redemptions;\n(h) contract settlements (including certificate dispatch);\n(i) record keeping.”.”\n(4) In paragraph (3), for “a UCITS” substitute “ a UK UCITS ”.\n(5) In consequence of the amendments made by paragraphs (2) to (4)—\n(a) in article 72H , in paragraph (2)(m), for “a UCITS” substitute “ a UK UCITS ”;\n(b) omit Schedule 6.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Article 51ZA was inserted by S.I. 2013/1773."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Article 72H was inserted by S.I. 2014/366."
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Pts. 3-6 modified in part (31.12.2020) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(2), 11(1)(4)(5) (with reg. 11(8)-(10)) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 40(f)); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 132 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/632/regulation/132",
    "retrieved_at": "2026-10-28T22:43:51.496494+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}