Paragraph 7 The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005

(1)

The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 M1 is amended as follows.

(2)

In article 20B, for paragraph (3), substitute—

“(3)
In this article, “UCITS directive scheme” means an undertaking for collective investment in transferable securities which is subject to Directive 2009/65/EC of the European Parliament and of the Council of 13th July 2009 on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities and has been authorised in accordance with Article 5 of that Directive.”

(3)

In Schedule 1, in paragraph 21(4)(b), for “Article 5(3)” substitute “ Article 6(3) ”.

Annotations

Marginal citations

M1: S.I. 2005/1529. Article 20B was inserted by S.I. 2002/2157.

Notes on Schedule 1

Textual amendments

F1: Sch. renumbered as Sch. 1 (31.12.2020) by The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/325), regs. 1(2), 47(2) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)