The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2013 No. 1388

SCHEDULE 2 Co-ownership schemes: application of the Insolvency Act 1986 and the Insolvency (Northern Ireland) Order 1989

PART 1 Interpretation

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

(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).