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Paragraph 5

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Units in—

(a)

a unit trust scheme falling within Council Directive 85/611/EEC of 20 December 1985 on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investments in transferable securitiesf1;

(b)

an authorised unit trust scheme other than an authorised unit trust scheme falling within subparagraph (a) above;

(c)

a recognised scheme within the meaning of sections 86, 87, and 88 of the Financial Services Act 1986f2 other than recognised schemes falling within subparagraph (a) above.

Annotations

Footnotes

f1

O.J. No. L375, 31.12.85, p.3; Directive last amended by Directive 88/220/EEC (O.J. No. L100, 19.4.88, p.31).

f2

1986 c. 60.