Paragraph 24 Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001

In the Schedule to the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001 M1 after paragraph 16 insert—

“Settlement services

16A

Arrangements do not amount to a collective investment scheme if their purpose is the provision of settlement services and they are operated by an authorised person or a recognised CSD.”.