(1)Subsection (2) applies if, in accordance with rules made by the [F2FCA] to implement Article 66 of the UCITS directive, the [F2FCA] is informed by the manager of an authorised unit trust scheme which is a master UCITS that a feeder UCITS which invests in units of the scheme is an EEA UCITS.
(2)The [F2FCA] must immediately inform the home state regulator of the feeder UCITS of the investment made by that UCITS in the master UCITS.]
Textual Amendments
F1Ss. 261A, 261B inserted (1.7.2011) by The Undertakings for Collective Investment in Transferable Securities Regulations 2011 (S.I. 2011/1613), reg. 2(23)
F2Word in ss. 254-262 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 9(1)(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.