{
  "url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999",
  "json_url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999.json",
  "id": "ukdsi/1999/0110851056",
  "title": "The Financial Services Act 1986 (Restriction of Exemption) Order 1999",
  "short_title": "Financial Services Act 1986 (Restriction of Exemption) 1999",
  "long_title": "The Order restricts the exemption for which section 45(1)(j) of the Financial Services Act 1986 makes provision for the managers of common investment funds established under section 22 of the Charities Act 1960 or section 24 of the Charities Act 1993. Subject to the transitional provision for which article 3 of the Order makes provision, its effect is that the exemption will only apply to the manager of a fund the trusts of which prevent property being transferred to the fund except by or on behalf of a charity the charity trustees of which are also the trustees appointed to manage the fund. This type of fund is commonly known as a pooling scheme fund.",
  "citation": "Draft 1999, ISBN 0110851056",
  "type": "ukdsi",
  "year": "1999",
  "number": "0110851056",
  "version": "current",
  "date": null,
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation, commencement and interpretation",
      "url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999/article-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Restriction of exemption for managers of certain funds",
      "url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999/article-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Transitional provision",
      "url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999/article-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [],
  "outstanding_effects": [],
  "made_under": [
    {
      "id": "ukpga/1986/60",
      "title": "Financial Services Act 1986 (repealed)",
      "url": "https://openlegislation.uk/financial-services-act-1986-repealed",
      "provisions": [
        "section/46"
      ]
    }
  ],
  "changes_made_to": 0,
  "changes_made_to_url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/draft-financial-services-act-1986-restriction-of-exemption-order-1999/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/1999/0110851056",
    "retrieved_at": "2026-10-30T15:19:23.530550+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}