5. Units in—
(a)a unit trust scheme falling within Council Directive 85/611/EEC of 20 December 1985 on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investments in transferable securities;
(b)an authorised unit trust scheme other than authorised unit trust schemes falling within sub-paragraph (a) above;
(c)a recognised scheme within the meaning of sections 86, 87 and 88 of the Financial Services Act 1986(1) other than recognised schemes falling within sub-paragraph (a) above.
(1)