Regulation 16 I1

United Kingdom

In Article 13—

(a)

in paragraph (1)—

(i)

in point (a), for “Article 68 of Directive 2009/65/EC” substitute “ section 4.5.3 of the Collective Investment Schemes sourcebook ”;

(ii)

in point (b), for “Article 22 of Directive 2011/61/EU” substitute “ section 3.3 of the Investment Funds sourcebook ”;

(b)

in paragraph (3)—

(i)

in the first subparagraph—

(aa)

for “Directives 2009/65/EC and 2011/61/EU” substitute “ the UK law in relation to collective investment undertakings ”;

(bb)

for “develop draft regulatory” substitute “ make ”;

(ii)

omit the second subparagraph.

Annotations

I1: Reg. 16 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1