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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 10 April 2013 - onwards
  Version 5 of 5    

Regulation 12 UK management companies: changes to services

(1) A UK firm which is providing services in exercise of an EEA right, deriving from the UCITS directive, must not make a change in the programme of operations, or the EEA activities, to be carried on in exercise of that right, unless the relevant requirements have been complied with.

(2) For the purposes of this regulation, the "relevant requirements" are that -

(a) the firm has given a notice to the appropriate UK regulator and to the host state regulator stating the details of the proposed change; or

(b) if the change is occasioned by circumstances beyond the firm’s control, it has as soon as practicable (whether before or after the change) given a notice to the appropriate UK regulator and to the host state regulator, stating the details of the change.

Comparing proposed amendment...