Explanatory Note

(This note is not part of the Order)

This Order applies section 142 of the Financial Services Act 1986 to single property schemes (that is to say, collective investment schemes which are exempted from the provisions of section 76(1) of the Financial Services Act 1986 by virtue of the Financial Services Act 1986 (Single Property Schemes) (Exemptions) Regulations 1989). Section 142 of the Financial Services Act 1986 provides that no investment to which it applies may be admitted to the Official List of The Stock Exchange except in accordance with the provisions of Part IV of the Act.