Where a counterparty has discretion over the composition or management of a UCITS investment portfolio or of the underlying of the FDI, the arrangement between the relevant UCITS and the counterparty shall be an investment management delegation arrangement and the responsible person shall comply with the requirements on delegation in the UCITS Regulations.
Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 27 May 2019 - onwards
Regulation 3 General restrictions
Revoked from 27 May 2019