OpenLegislation

The Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019 (revoked)

S.I. 2019/336 · Made 20 February 2019 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 29 August 2023.

Exiting The European Union

Financial Services

Made 20th February 2019

Coming into force in accordance with regulation 1(2) and (3)

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Annotations to the whole text

Textual amendments

F1

Regulations revoked (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/779, reg. 3(b), Sch.

Contents

  1. Part 1: General Repealed
  2. 1Citation and commencement Repealed
  3. Part 2: Amendment of the Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 Repealed
  4. 2Amendment of the Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 Repealed
  5. Part 3: Amendment of Regulation (EU) 2015/760 Repealed
  6. 3Amendment of Regulation (EU) 2015/760 Repealed
  7. 4Subject matter and objective Repealed
  8. 5Definitions Repealed
  9. 6Authorisation and central public register Repealed
  10. 7Designation and prohibition on transformation Repealed
  11. 8Application for authorisation as an LTIF Repealed
  12. 9Conditions for granting authorisation as an LTIF Repealed
  13. 10Applicable rules and liability Repealed
  14. 11Obligations concerning the investment policies of LTIFs Repealed
  15. 12Investment compartments Repealed
  16. 13Eligible investments Repealed
  17. 14Eligible investment assets Repealed
  18. 15Qualifying portfolio undertaking Repealed
  19. 16Conflict of interest Repealed
  20. 17Portfolio composition and diversification Repealed
  21. 18Rectification of investment positions Repealed
  22. 19Concentration Repealed
  23. 20Borrowing of cash Repealed
  24. 21Application of portfolio composition and diversification rules Repealed
  25. 22Redemption, trading and issue of units or shares of an LTIF and distribution of proceeds and capital Repealed
  26. 23Redemption policy and life of LTIFs Repealed
  27. 24Secondary market Repealed
  28. 25Issuance of new units or shares Repealed
  29. 26Disposal of LTIF assets Repealed
  30. 27Distribution of proceeds and capital Repealed
  31. 28Transparency Repealed
  32. 29Additional requirements of the prospectus Repealed
  33. 30Cost disclosure Repealed
  34. 31Facilities available to investors Repealed
  35. 32Internal assessment process for LTIFs marketed to retail investors Repealed
  36. 33Specific requirements concerning the distribution of LTIFs to retail investors Repealed
  37. 34Specific provisions concerning the depository of an LTIF marketed to retail investors Repealed
  38. 35Additional requirements for marketing LTIFs to retail investors Repealed
  39. 36Marketing of units or shares of LTIFs Repealed
  40. 37Supervision by the FCA Repealed
  41. 38Powers of the FCA Repealed
  42. 39Omission of Articles 34 to 37 Repealed
  43. 40Omission of words after Article 38 Repealed
  44. Signature
  45. Explanatory note

1Citation and commencementF1

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2Amendment of the Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018F1

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3Amendment of Regulation (EU) 2015/760F1

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4Subject matter and objectiveF1

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5DefinitionsF1

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6Authorisation and central public registerF1

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7Designation and prohibition on transformationF1

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8Application for authorisation as an LTIFF1

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9Conditions for granting authorisation as an LTIFF1

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10Applicable rules and liabilityF1

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11Obligations concerning the investment policies of LTIFsF1

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12Investment compartmentsF1

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13Eligible investmentsF1

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14Eligible investment assetsF1

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15Qualifying portfolio undertakingF1

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16Conflict of interestF1

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17Portfolio composition and diversificationF1

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18Rectification of investment positionsF1

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19ConcentrationF1

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20Borrowing of cashF1

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21Application of portfolio composition and diversification rulesF1

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22Redemption, trading and issue of units or shares of an LTIF and distribution of proceeds and capitalF1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23Redemption policy and life of LTIFsF1

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24Secondary marketF1

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25Issuance of new units or sharesF1

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26Disposal of LTIF assetsF1

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27Distribution of proceeds and capitalF1

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28TransparencyF1

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29Additional requirements of the prospectusF1

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30Cost disclosureF1

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31Facilities available to investorsF1

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32Internal assessment process for LTIFs marketed to retail investorsF1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33Specific requirements concerning the distribution of LTIFs to retail investorsF1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

34Specific provisions concerning the depository of an LTIF marketed to retail investorsF1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

35Additional requirements for marketing LTIFs to retail investorsF1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

36Marketing of units or shares of LTIFsF1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

37Supervision by the FCAF1

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38Powers of the FCAF1

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39Omission of Articles 34 to 37F1

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40Omission of words after Article 38F1

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Signature

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Explanatory note

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .