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The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013
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- UK Statutory Instruments
- 2013 No. 1388
- PART 3
- Regulation 11
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The Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001U.K.
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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, ”.
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M1S.I. 2001/1062, to which there are amendments not relevant to these Regulations.
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