Paragraph 9

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

Sch., para.l(a) substituted by Occupational and Personal Pension Schemes 1995 reg.4(b)(i)
Sch., para.2 substituted by Occupational and Personal Pension Schemes 1995 reg.4(b)(ii)
Sch., para.9 amended by Occupational and Personal Pension Schemes 1995 reg.4(b)(iii)
sch. amended by Personal and Occupational Pension Schemes 1990
Sch. para. 4 modified by Banking Coordination (Second Council Directive) 1992 Sch. 10 para. 38

The units of any collective investment scheme not authorised under section 78(1) of, or by virtue of paragraph 9 of Schedule 15 to, the Financial Services Act 1986.