(1) Regulation 13 is amended as follows.

(2) Omit paragraphs (1) and (2).

(3) For paragraph (4) substitute -

"(4) Subject to paragraph (6) the consequences take effect on the date specified in the order made by the Authority under regulation 9 (application for authorisation).".

(4) In paragraph (5) omit "(including by the law of another EEA State)".

(5) in paragraph (6) for "the competent authorities of each of its feeder UCITS" substitute "the Authority".