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The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013

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PART 1U.K.Interpretation

1.  In this Schedule and in Schedules 3, 4 and 5—U.K.

(a)unless otherwise specified, a reference to a section is a reference to a section of the 1986 Act;

(b)a reference to an Article is a reference to an Article of the 1989 Order; and

(c)a reference to a participant, in relation to a relevant scheme, is a reference to the participant as a holder of units in that scheme (and not in any other capacity).

2.  Unless the context otherwise requires, in this Schedule and in Schedules 3, 4 and 5—U.K.

(a)a reference to an authorised contract is a reference to an authorised contract entered into by the operator;

(b)a reference to the depositary is a reference to the depositary of a relevant scheme—

(i)in relation to which a petition has been presented under regulation 17(9); or

(ii)which is being wound up by the court following the presentation of such a petition;

(c)a reference to the operator is a reference to the operator of such a scheme; and

(d)a reference to the participants is a reference to the participants in such a scheme.

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