10.—(1) The Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 M1 is amended as follows.
(2) In article 2 (interpretation: general), in paragraph (1)—
(a)for the definition of “authorised unit trust scheme” substitute—
““authorised contractual scheme” and “authorised unit trust scheme” have the meaning given in section 237(3) of the Act;”; and
(b)in the definition of “unregulated scheme”, after “authorised unit trust scheme” insert “ nor an authorised contractual scheme ”.
Marginal Citations
M1S.I. 2001/1060, to which there are amendments not relevant to these Regulations.