PART II SPECIFIED ACTIVITIES
Chapter XCollective Investment Schemes
The activities
Establishing etc. a collective investment scheme51.
(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.