PART 3Amendment of EU legislation

CHAPTER 1Amendment of Regulation (EU) 2017/1131

Use of designation as MMF8

In Article 6—

a

in paragraph 1—

i

in the first subparagraph, for the words from “where” to the end substitute—

where—

a

for a UK UCITS or a UK AIF, the UCITS or AIF has been authorised in accordance with this Regulation; or

b

the UCITS or AIF is an EEA UCITS or EEA AIF which—

i

is authorised as an EU MMF; and

ii

is marketed in the United Kingdom under a temporary marketing permission.

ii

in the second subparagraph, for the words from “unless” to the end substitute—

unless—

a

for a UK UCITS or a UK AIF, the UCITS or AIF has been authorised as an MMF in accordance with this Regulation; or

b

the UCITS or AIF is an EEA UCITS or EEA AIF which is marketed in the United Kingdom under a temporary marketing permission.

iii

in the third subparagraph, for the words from “unless” to the end substitute—

unless—

a

for a UK UCITS or a UK AIF, the UCITS or AIF has been authorised as an MMF in accordance with this Regulation; or

b

the UCITS or AIF is an EEA UCITS or EEA AIF which is—

i

authorised as an EU MMF; and

ii

marketed in the United Kingdom under a temporary marketing permission.

b

in paragraph 2, for “competent authorities” substitute “the FCA”.