{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-collective-investment-schemes-order-2001/schedule/paragraph-7",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-collective-investment-schemes-order-2001/schedule/paragraph-7.json",
  "legislation": "uksi/2001/1062",
  "legislation_title": "The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-collective-investment-schemes-order-2001",
  "path": "schedule/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": "Certain funds relating to leasehold property",
  "text": "Arrangements do not amount to a collective investment scheme if the rights or interests of the participants are rights or interests—\n(a) in a fund which is a trust fund within the meaning of section 42(1) of the Landlord and Tenant Act 1987 or which would be such a trust fund if the landlord were not an exempt landlord within the meaning of section 58(1) of that Act; or\n(b) in money held in a designated account by the scheme administrator under a tenancy deposit scheme within the meaning of section 212(2) of the Housing Act 2004 . ; or\n(c) in money held in an authorised deposit scheme within the meaning of section 47 (deposit schemes: interpretation) of the Renting Homes (Wales) Act 2016.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. para. 7 substituted (6.4.2007) by The Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2007 (S.I. 2007/800), arts. 1, 2(2); S.I. 2007/305, art. 2; S.I. 2007/1068, art. 2(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in Sch. para. 7(a) omitted (W.) (1.12.2022) by virtue of The Renting Homes (Wales) Act 2016 (Consequential Amendments to Secondary Legislation) Regulations 2022 (S.I. 2022/907), reg. 1(2), Sch. 1 para. 20(a) (as amended by S.I. 2022/1077, regs. 1(2), 2(c))"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Sch. para. 7(c) and word substituted for full stop (W.) (1.12.2022) by The Renting Homes (Wales) Act 2016 (Consequential Amendments to Secondary Legislation) Regulations 2022 (S.I. 2022/907), reg. 1(2), Sch. 1 para. 20(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/1062/schedule/paragraph/7",
    "retrieved_at": "2026-10-29T07:54:13.783946+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}