Article 173 Qualifying investments for a cash componentI1

in sub-paragraph (a) for “an institution authorised under the Banking Act 1987” substitute “a person falling within section 840A(1)(b) of the Taxes Act”;

for sub-paragraph (c) substitute—

“(c)

units in, or shares of, a money market scheme;”;

for sub-paragraph (d) substitute—

“(d)

units in, or shares of, a fund of funds scheme, within the meaning given in regulation 2(1)(b), with the modification that for the words from “comply with” to the end there are substituted the words

• “permit the investments of the scheme, or subject to the trusts of the scheme, to consist only of units in, or shares of, money market schemes;”.”