(1) This Part applies to any reconstruction or amalgamation which is a merger where the UK UCITS involved (or, if two or more are involved, at least one of them) has given notice to the Authority under paragraph 20B of Schedule 3 to the Act [Paragraph 20B of Schedule 3 was inserted by S. I. 2011/1613; amended by Schedule 4 to the Financial Services Act 2012 and S.I. 2013/1773.], and which takes the form of a merger by scheme of arrangement
(2) [deleted]
(3) [deleted]
(4) A "merger by scheme of arrangement" means an operation in which - (a) there are one or more transferor UK UCITS or sub-funds of a UK UCITS ("the merging UCITS"); (b) the transferor UCITS or sub-funds continue to exist until their liabilities have been discharged, but transfer their net assets to - (i) a sub-fund of the same UCITS; (ii) another existing UK UCITS or a sub-fund of that UCITS; or (iii) a UK UCITS formed for the purposes of the operation ("the receiving UCITS").