Skip to main content
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 3 of 3

Regulation 9 Application for authorisation

(1) A merging UCITS must apply to the Authority for an order authorising a merger (an "authorisation order").

(2) The application must be made in such manner as the Authority may direct and must be accompanied by -

(a) the common draft terms of the proposed merger duly approved by the UCITS, any other merging UCITS and the receiving UCITS;

(b) [deleted]

(c) a statement by each of the depositaries or, in the case of an authorised unit trust scheme, the trustee, of the merging UCITS and the receiving UCITS confirming that, in accordance with rules made by the Authority to implement Articles 40 and 41 of the UCITS directive, they have verified compliance of the following matters with the requirements of those rules -

(i) the identification of the UCITS involved;

(ii) the planned effective date of the merger; and

(iii) the rules applicable, respectively, to the transfer of assets and the exchange of units; and