These Regulations may be cited as the Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013, and come into force on the day after the day on which they are made.

In these Regulations—

• “the 1986 Act” means the Insolvency Act 1986 M1;

• “the 1989 Order” means the Insolvency (Northern Ireland) Order 1989 M2;

• “authorised contract” has the meaning given in section 261M(1) of FSMA M3;

• “authorised contractual scheme” has the meaning given in section 237(3) of FSMA M4;

• “depositary” has the meaning given in section 237(2) of FSMA;

• “the FCA” means the Financial Conduct Authority;

• “FSMA” means the Financial Services and Markets Act 2000 M5;

• “operator” has the meaning given in section 237(2) of FSMA M6;

• “participant” has the meaning given in section 235(2) of FSMA;

• “partnership scheme” has the meaning given in section 235A(5) of FSMA M7;

• “stand-alone co-ownership scheme” has the meaning given in section 237(8) of FSMA M8;

• “sub-scheme” has the meaning given in section 237(7) of FSMA;

• “umbrella co-ownership scheme” has the meaning given in section 237(5) of FSMA; and

• “units” has the meaning given in section 237(2) of FSMA.