The Undertakings for Collective Investment in Transferable Securities (Amendment) Regulations 2012

Amendments to the Financial Services and Markets Act 2000U.K.

This section has no associated Explanatory Memorandum

4.  In section 264 (schemes constituted in other EEA States), in subsection (5)—

(a)after “another EEA State” insert “(“the home state”)”;

(b)in paragraph (a)—

(i)for “that State” substitute “the home state”, and

(ii)for “that law” substitute “the law of any EEA State”; and

(c)in paragraph (b), for “that law” substitute “the law of the home state”.

Commencement Information

I1Reg. 4 in force at 24.8.2012, see reg. 1