SCHEDULE 2AMENDMENTS TO SECONDARY LEGISLATION
PART 2Amendments to other secondary legislation
Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001
5.
(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(1) (interpretation) in the definition of “relevant scheme activities” for “the activity specified by article 51” substitute “
any activity specified by article 51ZA, 51ZB, 51ZD or 51ZE
”
.
(3)
In article 16 (communications required or authorised by enactments)—
(a)
renumber the text of the article as paragraph (1) of the article;
(b)
“(2)
A communication which may be made because a condition imposed by regulation 49 or 50 of the Alternative Investment Fund Managers Regulations 2013 has been met, is to be treated as authorised by those Regulations for the purposes of paragraph (1) in so far as it is made to a professional investor (as defined in regulation 2(1) of those Regulations).
(3)
A communication permitted by Article 2.2, 4 or 14.3 of Regulation (EU) No 345/2013 of the European Parliament and the Council of 17 April 2013 on European venture capital funds, or by Article 2.2, 4 or 15.3 of Regulation (EU) No 346/2013 of the European Parliament and the Council of 17 April 2013 on European social entrepreneurship funds, is to be treated as authorised by another enactment for the purposes of paragraph (1).”.