Section 24 Operators and trustees of recognised schemes.
United Kingdom
The operator or trustee of a scheme recognised under section 86 below is an authorised person as respects—
investment business which consists in operating or acting as trustee in relation to that scheme; and
any investment business which is carried on by him in connection with or for the purposes of that scheme.
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(c) (with savings in art. 292)
Notes on Part I
Modifications
- C1
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Pt. I (ss. 1-128) amended (S.) (22.5.2000) by S.I. 2000/121, regs. 1, 37, Sch. 2
- C2
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Pt. I (ss. 1–128): power to modify conferred (prosp.) by Courts and Legal Services Act 1990 (c. 41, SIF 76:1), ss. 89, 124(3), Sch. 14 para. 9(c)
Notes on Chapter III
Modifications
- C1
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Chapters III–XI (ss. 7–111): certain functions transferred by S.I. 1990/354, art. 5