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Collective investment schemes: regulations

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The Financial Services and Markets Act 2000 (Gibraltar) (Amendment) Order 2012 and The Undertakings for Collective Investment in Transferable Securities (Amendment) Regulations 2012

The Financial Services and Markets Act 2000 (Gibraltar) (Amendment) Order, SI 2012/2017, amends the ‘Gibraltar Order’ (SI 2001/3084) to allow Gibraltar-based entities to exercise certain EU rights in the UK in relation to collective investment schemes.

The Undertakings for Collective Investment in Transferable Securities (Amendment) Regulations, SI 2012/2015, correct defects in other legislation resulting from minor errors in transposition of the ‘recast UCITS Directive’.

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