Section 236A(3)

The transferable securities or other liquid financial assets referred to in subsection (1)(a) are— in the case of an undertaking established in the United Kingdom, those permitted by section 2 of chapter 5 of the Collective Investment Schemes sourcebook; or in the case of an undertaking established in an EEA State, those referred to in Article 50(1) of the UCITS directive.

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Source: legislation.gov.uk · retrieved 2026-09-04