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Text applicable on 7 Oct 2026Consolidated version of 9 Apr 2021In forceUnofficial text · authentic on EUR-Lex (opens in a new tab)

SECR Article 38 — as applicable on 7 Oct 2026 (version of 9 Apr 2021)

Article 38

Amendment to Directive 2009/65/EC

Amendment details· last amended 9 Apr 2021
Versions of this provision:17 Jan 20189 Apr 2021

Last amended 9 Apr 2021 by Regulation (EU) 2021/557 of 31 March 2021.

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Article 50a (opens EUR-Lex in a new tab) of Directive 2009/65/EC (opens EUR-Lex in a new tab) is replaced by the following:

‘Article 50a

Where UCITS management companies or internally managed UCITS are exposed to a securitisation that no longer meets the requirements provided for in the Regulation (EU) 2017/2402 of the European Parliament and of the Council ((*1)), they shall, in the best interest of the investors in the relevant UCITS, act and take corrective action, if appropriate.

(*1)

Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012 (OJ L 347, 28.12.2017, p. 35).’