# The Friendly Societies (Insurance Business) Regulations 1994, Paragraph 5


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 securities;
(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 1986 other than recognised schemes falling within subparagraph (a) above.

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Source: https://www.legislation.gov.uk/uksi/1994/1981/schedule/6/paragraph/5 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/schedule-6/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.