[F1Acting as trustee or depositary of a UCITSU.K.
51ZB.—(1) Acting as—
(a)the trustee of an authorised unit trust scheme, or
(b)the depositary of an open-ended investment company or authorised contractual scheme,
where the scheme or company is a UCITS, is a specified kind of activity.
(2) In paragraph (1), “authorised contractual scheme”, “authorised unit trust scheme”, “trustee” and “depositary” have the meanings given by section 237 of the Act (other definitions).]
Textual Amendments
F1Arts. 51ZA-51ZG substituted for arts. 51 and cross-heading (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 1(12)