PART 2 U.K.Amendments of the Financial Services and Markets Act 2000

Authorisation orders: unit trust schemes U.K.

8.—(1) Section 243 (authorisation orders) is amended as follows.

(2) In subsection (5) M1 —

(a) omit “or another EEA State”;

(b) for “country in which it is incorporated” substitute “ United Kingdom ”.

(3) For subsection (5A) substitute—

“(5A) The manager and the trustee must each have a place of business in the United Kingdom.”.

(4) Omit subsection (6).

Commencement Information

I1 Reg. 8 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

Marginal Citations

M1 Subsections (5) and (5A) were substituted for subsection (5) by S.I. 2011/1613.