Skip to main content
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 22 April 2021 - onwards

64AO. Investment management

(1) Nothing in this Act shall operate to restrict the trustees of a scheme or trust RAC from appointing, for the management of the investment portfolio of the scheme or trust RAC concerned, an investment manager established in another Member State which is duly authorised for carrying out such management in accordance with -

(a) Directive 2009/65/EC,

(b) Directive 2009/138/EC,

(c) Directive 2011/61/EU,

(d) Directive 2013/36/EU, and

(e) Directive 2014/65/EU.

(2) Nothing in this Act shall operate to restrict the trustees of a scheme or trust RAC from appointing, for the management of the investment portfolio of the scheme or trust RAC concerned, an authorised entity referred to in Article 2(1) of Directive of 2016.