(26)Where there are applicable rules on the conduct of business and the delegation of functions and where such delegation by a management company is allowed under the law of its home Member State, authorised investment companies should comply with such rules, mutatis mutandis , either directly, where they have not designated a management company authorised in accordance with this Directive, or indirectly, where they have designated such a management company.
◷
New version applies from 17/09/2014 — introduced by Undertakings for Collective Investment in Transferable Securities Directive.
147 provisions change.
Later versions: 01/01/2019, 07/01/2020, 26/06/2021, 02/08/2021, 01/01/2023, 09/01/2024, 17/01/2025, 16/04/2026.
Recital 26 changes in this version: compare with the current text.