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The Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010

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Changes over time for: Paragraph 8

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There are currently no known outstanding effects for The Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010, Paragraph 8. Help about Changes to Legislation

Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001U.K.

This section has no associated Explanatory Memorandum

8.—(1) The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001 M1 is amended as follows.

(2) In article 2 (interpretation)—

(a)after the definition of “individual pension account” insert—

long-term holiday product contract” has the meaning given by regulation 8 of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010;”; and

(b)

for the definition of “timeshare rights” substitute—

timeshare contract” has the meaning given by regulation 7 of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.”.

(3) In the Schedule (arrangements not amounting to a collective investment scheme), for paragraph 13 substitute—

Timeshare and long-term holiday product schemes

13.  Arrangements do not amount to a collective investment scheme if the rights or interests of the participants are rights under a timeshare contract or a long-term holiday product contract..

Marginal Citations

M1S.I 2001/1062, to which there are amendments not relevant to these Regulations.

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