PART 3Amendments 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 51ZD229 (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