Financial Services Act 1986 (Repealed) (c. 60)

Part I U.K. Regulation of Investment Business

Modifications etc. (not altering text)

C1 Pt. I (ss. 1-128) amended (S.) (22.5.2000) by S.I. 2000/121, regs. 1, 37, Sch. 2

C2 Pt. I (ss. 1–128): power to modify conferred (prosp.) by Courts and Legal Services Act 1990 (c. 41, SIF 76:1), ss. 89, 124(3), Sch. 14 para. 9(c)

Chapter III U.K. Authorised Persons

Modifications etc. (not altering text)

C3 Chapters III–XI (ss. 7–111): certain functions transferred by S.I. 1990/354, art. 5

Collective investment schemes U.K.

24 Operators and trustees of recognised schemes. U.K.

The operator or trustee of a scheme recognised under section 86 below is an authorised person as respects—

(a) investment business which consists in operating or acting as trustee in relation to that scheme; and

(b) any investment business which is carried on by him in connection with or for the purposes of that scheme.