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Financial Services and Markets Act 2000

Section 264: Schemes constituted in other EEA States

489.This section relates to the ability of collective investment schemes constituted in other EEA States to passport into the United Kingdom. EEA schemes will be recognised if:

  • they satisfy requirements prescribed by Treasury regulations;

  • the operator of the scheme gives notice to the Authority of the proposal to invite UK persons to participate in the scheme; and

  • the Authority does not give notice that the way in which the invitation is to be made does not comply with the relevant UK law.

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