Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001U.K.
This section has no associated Explanatory Memorandum
24. In the Schedule to the Financial Services and Markets Act 2000 (Collective Investment Schemes) Order 2001 M1 after paragraph 16 insert—
“Settlement services
16A. Arrangements do not amount to a collective investment scheme if their purpose is the provision of settlement services and they are operated by an authorised person or a recognised CSD.”.
Marginal Citations