Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 May 2019 - onwards
    Version 1 of 1    

Regulation 29 Umbrella UCITS

A responsible person shall ensure that the constitutional document of an umbrella UCITS provides that the assets of each sub-fund -

(a) belong exclusively to the relevant sub-fund, and

(b) may not be used to discharge, directly or indirectly, the liabilities of or claims against any other sub-fund and are not available for any such purpose.

Comparing proposed amendment...