# The Undertakings for Collective Investment in Transferable Securities Regulations 2011, Regulation 8

Extent: E+W+S+N.I.

(1) This Part applies to any reconstruction or amalgamation which is a merger where the UK UCITS involved (or, if two or more are involved, at least one of them) has given notice to the Authority under paragraph 20B of Schedule 3 to the Act, and which takes the form of a merger by scheme of arrangement.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) A “merger by scheme of arrangement” means an operation in which—
(a) there are one or more transferor UK UCITS or sub-funds of a UK UCITS (“the merging UCITS”);
(b) the transferor UCITS or sub-funds continue to exist until their liabilities have been discharged, but transfer their net assets to—
(i) a sub-fund of the same UCITS;
(ii) another existing UK UCITS or a sub-fund of that UCITS; or
(iii) a UK UCITS formed for the purposes of the operation
(“the receiving UCITS”).

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Source: https://www.legislation.gov.uk/uksi/2011/1613/regulation/8 (the official version)
Page: https://openlegislation.uk/undertakings-for-collective-investment-in-transferable-securities-regulations-2011/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.