# Building Societies Act 1986, Paragraph 5


Acquiring or holding relevant investments shall not be treated as excluded by paragraph 1 above where it arises out of—
(a) any element of investment services comprising—
(i) acquiring or holding relevant investments as a nominee,
(ii) establishment and management of pension schemes,
(iii) establishment and management of personal equity plans, or
(iv) establishment and management of collective investment schemes,
(b) the service of trusteeship, or
(c) the service of executorship.

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Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/8/part/II/paragraph/5 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-8/part-II/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.