The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001U.K.
11.—(1) The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001 M1 is amended as follows.
(2) In article 2 (interpretation)—
(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)for the definition of “feeder fund” substitute—
““feeder fund” means an authorised unit trust scheme the sole object of which is investment in units of a single authorised unit trust scheme, in units of a single authorised contractual scheme or in shares in a single open-ended investment company;”.
(3) In the Schedule (arrangements not amounting to a collective investment scheme), in paragraph 1 (individual investment management arrangements), in sub-paragraph (a)(ii), after “authorised unit trust schemes,” insert “ authorised contractual schemes, ”.
Marginal Citations
M1S.I. 2001/1062, to which there are amendments not relevant to these Regulations.