Sch 4 para 40
(1) Section 199A (management companies: loss of authorisation) is amended as follows. (2) In subsection (2), for “Authority”, in both places, substitute “ appropriate regulator ” . (3) For subsection (4) substitute— (4) In this section— “ the appropriate regulator ” means whichever of the FCA and the PRA is the competent authority for the purposes of the UCITS directive; “ collective investment scheme ” has the same meaning as in Part 17.