Regulation 11 The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001

(1)

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

(2)

In article 2 (interpretation)—

(a)

for the definition of “authorised unit trust scheme” substitute—

““authorised contractual scheme” and “authorised unit trust scheme” have the meaning given in section 237(3) of the Act;”; and

(b)

for the definition of “feeder fund” substitute—

““feeder fund” means an authorised unit trust scheme the sole object of which is investment in units of a single authorised unit trust scheme, in units of a single authorised contractual scheme or in shares in a single open-ended investment company;”.

(3)

In the Schedule (arrangements not amounting to a collective investment scheme), in paragraph 1 (individual investment management arrangements), in sub-paragraph (a)(ii), after “authorised unit trust schemes,” insert “authorised contractual schemes,”.

Annotations

Footnotes

f1: S.I. 2001/1062, to which there are amendments not relevant to these Regulations.