# The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001, Paragraph 3: Pure deposit based schemes


Arrangements do not amount to a collective investment scheme if the whole amount of each participant’s contribution is a deposit which is accepted by an authorised person with permission to carry on an activity of the kind specified by article 5 of the Regulated Activities Order (accepting deposits) or a person who is an exempt person in relation to such an activity.

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Source: https://www.legislation.gov.uk/uksi/2001/1062/schedule/paragraph/3 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-collective-investment-schemes-order-2001/schedule/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.