Regulation 3 Citation, commencement and effect

In regulation 2(1)(b)—

(a)

insert at the appropriate places the following definitions—

“a “Chapter 5 UCITS” means a UCITS complying with Chapter 5 of the Collective Investment Schemes Sourcebook;”

““the Collective Investment Schemes Sourcebook” means the sourcebook of that name made by the Financial Services Authority under the Financial Services and Markets Act 2000;”;

(b)

in the definition of a “relevant UCITS” omit the words following paragraph (ii);

(c)

in the definition of “units in, or shares of, a relevant UCITS” omit “relevant” in both places it appears.