Section 283A(3)

The FCA must grant an application made under subsection (2) if it is satisfied— that the UK UCITS, its operator, trustee or depositary and auditor and the UCITS in which it proposes to invest, and its operator, have complied with— the requirements laid down in the Chapter 8 provisions, and any other requirements imposed by the FCA in relation to the application; in a case where the application is made by the operator of a feeder UCITS in respect of the investment of the proceeds of the winding-up of its master UCITS, that the proceeds of the winding up are to be paid to the feeder UCITS before the date on which the investment is to be made.

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