# Finance Act 2024, Paragraph 2: CoACS to be institutional investors

Extent: E+W+S+N.I.

In Section 528 (conditions for company), in subsection (4A), after paragraph (b) insert—
“(ba) a person acting on behalf of an authorised contractual scheme (within the meaning given by section 237(3) of FISMA 2000) which is a co-ownership scheme (within the meaning given by section 235A of that Act) that meets the genuine diversity of ownership condition or the non-close condition;”.

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Source: https://www.legislation.gov.uk/ukpga/2024/3/schedule/7/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2024/schedule-7/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.