The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

Chapter X U.K. Collective Investment Schemes

The activities U.K.

Establishing etc. a collective investment scheme U.K.

51.—(1) The following are specified kinds of activity—

(a) establishing, operating or winding up a collective investment scheme;

(b) acting as trustee of an authorised unit trust scheme;

(c) acting as the depositary or sole director of an open-ended investment company.

(2) In this article, “trustee", “authorised unit trust scheme" and “depositary" have the meaning given by section 237 of the Act.

[F1 Exclusion U.K.

Textual Amendments

F1 Art. 51A and cross-heading inserted (21.8.2002) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2002 (S.I. 2002/1776), arts. 1, 3(10)

Information society services U.K.

51A.   Article 51 is subject to the exclusion in article 72A (information society services).]