# The Financial Services and Markets Act 2000 (Exemption) Order 2001, Paragraph 45


A person acting in his capacity as manager or operator of a fund established under section 11 of the Trustee Investments Act 1961 is exempt from the general prohibition in respect of any regulated activity of the kind specified by articles 51ZA to 51ZE of the Regulated Activities Order (managing or acting as trustee or depositary of a UCITS or an AIF, or establishing etc. a collective investment scheme) which he carries on in relation to that fund.

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Source: https://www.legislation.gov.uk/uksi/2001/1201/schedule/paragraph/45 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-exemption-order-2001/schedule/paragraph-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.