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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order directs that no trustee of an occupational pension scheme of a kind described in article 3 of the Order is to be treated as carrying on investment business by virtue of section 191 of the Financial Services Act if either he is a beneficiary or potential beneficiary under the scheme in question or he takes no day to day decisions relating to the management of assets of the scheme which are investments.