(1) The Financial Services and Markets Act 2000 (Collective Investment Schemes Constituted in Other EEA States) Regulations 2001 [S.I. 2001/2383 amended by S.I. 2003/2066.] are amended as follows.

(2) In regulation 2, insert after the definition of "the Act" -

""the UCITS 1985 directive" means the Council Directive of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (No 85/61/EEC)."

(3) For regulation 4(b) substitute -

"(b) its prospectus and, subject to regulation 5, the key investor information referred to in Article 78 of the UCITS directive; and".

(4) After regulation 4, insert -

"5. The notice to be given to the Authority under section 264(1) may be submitted with the simplified prospectus (within the meaning of Section VI of the UCITS 1985 directive) until 30 June 2012."