# The Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010, Paragraph 8: Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001


(1) The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001 is amended as follows.
(2) In article 2 (interpretation)—
(a) after the definition of “individual pension account” insert—
“long-term holiday product contract” has the meaning given by regulation 8 of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010;”; and
(b)for the definition of “timeshare rights” substitute—
“timeshare contract” has the meaning given by regulation 7 of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.”.
(3) In the Schedule (arrangements not amounting to a collective investment scheme), for paragraph 13 substitute—
“Timeshare and long-term holiday product schemes
13 Arrangements do not amount to a collective investment scheme if the rights or interests of the participants are rights under a timeshare contract or a long-term holiday product contract.”.

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Source: https://www.legislation.gov.uk/uksi/2010/2960/schedule/6/paragraph/8 (the official version)
Page: https://openlegislation.uk/timeshare-holiday-products-resale-and-exchange-contracts-regulations-2010/schedule-6/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.