7. Arrangements do not amount to a collective investment scheme if the rights or interests of the participants are rights or interests in a fund which is a trust fund within the meaning of section 42(1) of the Landlord and Tenant Act 1987.
Commencement Information
I1Sch. para. 7 in force 1.12.2001 see reg. 1 and S.I. 2001/3538, art. 2