Section 262AF Co-ownership schemes: definitions relating to schemesF1

In sections 262AA to 262AE and this section—

• “co-ownership authorised contractual scheme” means a co-ownership scheme which is authorised for the purposes of the Financial Services and Markets Act 2000 by an authorisation order in force under section 261D(1) of that Act;

• F2“co-ownership contractual scheme” means—

  1. (a)

     a co-ownership authorised contractual scheme, or

  2. (b)

     a Reserved Investor Fund (Contractual Scheme);

• “co-ownership scheme” has the same meaning as in Part 17 of that Act (see section 235A(2) of that Act);

• “operator” and “units”, in relation to a co-ownership F3...contractual scheme, have the meanings given by section 237(2) of that Act;

• “participant”, in relation to such a scheme, is to be read in accordance with section 235 of that Act.

• “Reserved Investor Fund (Contractual Scheme)” has the meaning given by section 20 of F(No.2)A 2024;

• “unauthorised co-ownership contractual scheme” means a co-ownership scheme which is not a co-ownership contractual scheme.