Part XVII Collective Investment Schemes

Chapter V Recognised Overseas Schemes

Schemes constituted in other EEA States

266 Disapplication of rules.

1

Apart from—

a

financial promotion rules, and

b

rules under section 283(1),

rules made by the Authority under this Act do not apply to the operator, trustee or depositary of a scheme in relation to the carrying on by him of regulated activities for which he has permission in that capacity.

2

Scheme” means a scheme which is a recognised scheme by virtue of section 264.