# The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001, Article 258: Meaning of “investment manager”

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

(1) Regulation 4 of the Local Government Pension Scheme (Management and Investment of Funds) (Scotland) Regulations 1998 (definition of “investment manager”), for paragraphs (2) to (4) substitute—
“(2) A person is an investment manager if—
(a) he has permission under Part 4 of the Financial Services and Markets Act 2000 to manage the assets of occupational pension schemes;
(b) he is an EEA firm of the kind mentioned in paragraph 5(a) or (b) of Schedule 3 to that Act which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to manage the assets of occupational pension schemes; or
(c) he is a person—
(i) who does not carry on regulated activities (within the meaning of that Act) from a permanent place of business maintained by him in the United Kingdom;
(ii) whose head office is situated in an EEA State (within the meaning of that Act) other than the United Kingdom;
(iii) who is recognised by the law of that EEA State as a national of that or another EEA State;
(iv) who is authorised under that law to carry on one or more regulated activities (within the meaning of that Act); and
(v) who is not prevented by that law from managing the assets of occupational pension schemes or assets belonging to another person.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3649/article/258 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-258
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.