# The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001, Paragraph 4: Schemes not operated by way of business


Arrangements do not amount to a collective investment scheme if they are operated otherwise than by way of business.

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Source: https://www.legislation.gov.uk/uksi/2001/1062/schedule/paragraph/4 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-collective-investment-schemes-order-2001/schedule/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.