# The Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2015, Note: Explanatory note


(This note is not part of the Order)
This Order amends the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001 (S.I. 2001/1062) (“the Collective Investment Schemes Order”).
The Schedule to the Collective Investment Schemes Order sets out kinds of arrangement which do not amount to a collective investment scheme as defined in section 235 of the Financial Services and Markets Act 2000 (c.8). This Order provides that electronic systems in relation to lending (the operation of which is specified as a regulated activity in article 36H of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544)) and the operation of arrangements closely associated with this, are not a collective investment scheme.
An impact assessment has not been produced for this Order as no, or no significant, impact on the costs of business or the voluntary sector is foreseen.

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Source: https://www.legislation.gov.uk/uksi/2015/2061/note (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-collective-investment-schemes-amendment-order-2015/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.