Derek McDowell (Labour)

I do not understand the wording of sections 6(3) and 6(4). It seems to apply section 18 of the UCITS regulations to the authorisation or non-authorisation of the non-UCITS CCFs being established in this Act. Is that a reasonable interpretation? It seems that the amendment is plucking out one section of the other regulations and applying it to this legislation. It seems to be a strange way of dealing with the issue.