1(1)A person who for the time being is an operator, trustee or depositary of a recognised collective investment scheme is an authorised person.U.K.
(2)“Recognised” means recognised by virtue of section 264.
(3)An authorised open-ended investment company is an authorised person.
[F1(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
(b)to which the UCITS directive applies,
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).]
Textual Amendments