
1 
These Regulations may be cited as the Financial Services and Markets Act 2000 (Collective Investment Schemes Constituted in Other EEA States) Regulations 2001 and come into force on the day on which section 19 of the Act comes into force.
2 
In these Regulations—
 “the Act” means the Financial Services and Markets Act 2000;
 “the UCITS Directive” means the Council Directive of 20 December 1985 on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (No.85/611/EEC).
3 
The requirements prescribed for the purposes of section 264 of the Act are that a collective investment scheme is one which, in accordance with the UCITS Directive, is an undertaking for collective investment in transferable securities subject to that Directive (“the undertaking”).
4 
The notice to be given to the Authority under section 264(1) of the Act must contain or be accompanied by—
(a) the undertaking’s fund rules or instrument of incorporation;
(b) its prospectus; and
(c) where appropriate, its latest annual report and any subsequent half-yearly report.
Tony McNulty
Anne McGuire
Two of the Lords Commissioners of Her Majesty’s Treasury
4th July 2001