Paragraph 8 Financial Services and Markets Act 2000 (Exemption) Order 2001

The Financial Services and Markets Act 2000 (Exemption) Order 2001^f1 is amended as follows.

For article 5(1)(g) (persons exempt in respect of particular regulated activities) substitute—

“(ga)

article 51ZA (managing a UCITS);

(gb)

article 51ZB (acting as a trustee or depositary of a UCITS);

(gc)

article 51ZC (managing an AIF);

(gd)

article 51ZD (acting as a trustee or depositary of an AIF);

(ge)

article 51ZE (establishing etc. a collective investment scheme);”.

In paragraphs 44(1) and (2) and 45 of the Schedule (persons exempt in respect of particular regulated activities – charities and schemes established under the Trustee Investments Act 1961) for “article 51 of the Regulated Activities Order (establishing etc. a collective investment scheme)” substitute “articles 51ZA to 51ZE of the Regulated Activities Order (managing or acting as trustee or depositary of a UCITS or an AIF, or establishing etc. a collective investment scheme)”.