SCHEDULES

SCHEDULE 9Collective investment schemes authorised in approved countries

PART 2Minor and consequential amendments

Financial Services and Markets Act 2000 (c. 8)

I15

In section 237(2) (Part 17 definitions), in the definition of “the operator”—

a

in paragraph (ab) omit “and”, and

b

after paragraph (b) insert

, and

ba

in relation to a recognised scheme, means the legal entity with overall responsibility for the management and performance of the functions of the scheme.