Funds excluded from the ambit of this PartU.K.
This section has no associated Explanatory Memorandum
25. This Part does not apply to an authorised investment fund if the fund—
(a)is a registered pension scheme within the meaning of Part 4 of the Finance Act 2004 M1, or
(b)is treated, under paragraph 1(1) of Schedule 36 to that Act, as having become such a scheme.
Marginal Citations