# The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001, Paragraph 7: Certain funds relating to leasehold property

Extent: E+W+S+N.I.

Arrangements do not amount to a collective investment scheme if the rights or interests of the participants are rights or interests—
(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
(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
(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.

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Source: https://www.legislation.gov.uk/uksi/2001/1062/schedule/paragraph/7 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-collective-investment-schemes-order-2001/schedule/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.