Section 283A(5)

The first condition is that the feeder UCITS is to receive the proceeds of the winding-up— in cash; or wholly or partly in assets other than cash in a case where the feeder UCITS so elects and each of the following so permits— the decision of the master UCITS that it should be wound up; the trust deed , contractual scheme deed or instrument of incorporation of the feeder UCITS; and either the agreement between the feeder UCITS and its master UCITS, or the internal conduct of business rules operated by the feeder UCITS and the master UCITS in accordance with rules made by the FCA.

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