The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 No. 632

PART 3 Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

Article 51ZD (acting as trustee or depositary of an AIF)

134.—(1) Article 51ZD(1) (acting as trustee or depositary of an AIF) is amended as follows.

(2) In paragraph (2) omit sub-paragraph (b) and the preceding “or”.

(3) In paragraph (3), for sub-paragraph (a) substitute—

“(a) a person appointed as a depositary by the AIFM in compliance with a requirement imposed by rule 3.11.10, 3.11.12 or 3.11.33 of the Investment Funds sourcebook; or”.

(1)

Article 51ZD was inserted by S.I. 2013/1773.