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6. In section 75 of the Act—
(a)subsections (5A), (5B) and (6)(e) are hereby repealed(1); and
(b)for paragraphs (l) to (n)(2) of subsection (6) there shall be substituted the following paragraph—
“(l)arrangements which by virtue of paragraph 34 or 35 of Schedule 1 to this Act are not collective investment schemes for the purposes of that Schedule.”.
Subsections (5A) and (5B) of section 75 were inserted by article 5(a) of the Financial Services Act 1986 (Restriction of Scope of Act and Meaning of Collective Investment Scheme) Order 1988 (S.I. 1988/803). Subsection (6)(e) of section 75 was inserted by article 4 of the Financial Services Act 1986 (Extension of Scope of Act and Meaning of Collective Investment Scheme) Order 1988 (S.I. 1988/496).
Paragraphs (l) to (n) of section 75(6) were inserted by article 5(b) of the Financial Services Act 1986 (Restriction of Scope of Act and Meaning of Collective Investment Scheme) Order 1988 (S.I. 1988/803).
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