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Financial Services and Markets Act 2000

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Financial Services and Markets Act 2000, SCHEDULE 5 is up to date with all changes known to be in force on or before 29 March 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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Section 36.

SCHEDULE 5U.K. Persons Concerned in Collective Investment Schemes

This schedule has no associated Explanatory Notes

AuthorisationU.K.

1F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)An authorised open-ended investment company is an authorised person.

[F2(4)A body—

(a)incorporated by virtue of regulations made under section 1 of the Open-Ended Investment Companies Act (Northern Ireland) 2002 in respect of which an authorisation order is in force, and

[F3(b)which is a UCITS as defined in section 236A,]

is an authorised person.

(5)Authorisation order” means an order made under (or having effect as made under) any provision of those regulations which is made by virtue of section 1(2)(1) of that Act (provision corresponding to Chapter 3 of Part 17 of the Act).]

PermissionU.K.

2F4(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

(2)A person authorised as a result of paragraph 1(3) [F5or (4)] has permission to carry on, so far as it is a regulated activity [F6other than the activity of managing an AIF]

(a)the operation of the scheme;

(b)any activity in connection with, or for the purposes of, the operation of the scheme.

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