PART 2Amendments of the Financial Services and Markets Act 2000

Proposal to convert to a non-feeder UCITS: contractual schemesI119

1

Section 261S M1 (proposal to convert to a non-feeder UCITS) is amended as follows.

2

In subsection (1)(b), after “convert into a” insert “ UK ”.

3

In subsection (7)(a), after “convert into a” insert “ UK ”.

4

In subsection (9), for paragraphs (a) and (b) substitute—

a

specified in rule 11.6.3(2) of the Collective Investment Schemes sourcebook, or

b

specified in UCITS-related direct EU legislation.