Persons concerned in collective investment schemes
This section has no associated Explanatory Memorandum
32.—(1) Schedule 5 (persons concerned in collective investment schemes) is amended as follows.
(2) In paragraph 1(1)—
(a)omit sub-paragraphs (1) and (2), and
(b)in sub-paragraph (4), for paragraph (b) substitute—
“(b)which is a UCITS as defined in section 236A,”.
(3) In paragraph 2, omit sub-paragraph (1).
(1)
Paragraphs 1(4) and (5) were inserted by S.I. 2003/2066.