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The Financial Services and Markets Act 2000 (Transitional Provisions) (Authorised Persons etc.) Order 2001
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Schemes constituted in other EEA States
66.—(1) Where—
(a)a scheme was recognised under section 86 of the Financial Services Act or recognised for the purposes of that Act by virtue of paragraph 10 of Schedule 15 to that Act; and
(b)that scheme is a collective investment scheme constituted in another EEA State within the meaning of section 264(1),
the scheme is to be treated after commencement as a recognised scheme under section 264.
(2) For the purposes of paragraph 1(1) and 2(1) of Schedule 5, “recognised” includes recognised by virtue of this article.
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