251 Alteration of schemes and changes of manager or trustee

Alterations

251  Alteration of schemes and changes of manager or trustee

[(A1)     This section applies where the manager of an authorised unit trust scheme proposes—

(a)     to make an alteration to the scheme, other than an alteration—

(i)     to which section 252A applies; or

(ii)     to which Part 4 of the Undertakings for Collective Investment in Transferable Securities Regulations 2011 (mergers) applies; or

(b)     to replace its trustee.

(1)     The manager must give written notice of the proposal to the [FCA].]

(2)     Any notice given in respect of a proposal to alter the scheme involving a change in the trust deed must be accompanied

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