<EN xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:base="http://www.legislation.gov.uk/id/ukpga/2000/8" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/en.xsd" SchemaVersion="1.0" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
				<dc:identifier>http://www.legislation.gov.uk/ukpga/2000/8/section/248/notes</dc:identifier><dc:subject>UK Parliament</dc:subject><dc:subject>Building societies</dc:subject><dc:subject>Friendly societies</dc:subject><dc:subject>Legislation</dc:subject><dc:subject>Financial service industries</dc:subject><dc:title>Explanatory Notes to Financial Services and Markets Act 2000</dc:title><dc:creator>HM Treasury</dc:creator><dc:publisher>King's Printer of Acts of Parliament</dc:publisher><dc:modified>2018-03-05</dc:modified>
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<ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/>
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			</ukm:Metadata><ExplanatoryNotes><ENprelims>
<Title><Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/8" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="2000" Number="0008">Financial Services and Markets Act 2000</Citation></Title>
<Number>8</Number>
<DateOfEnactment>
<DateText>14 June 2000</DateText>
</DateOfEnactment>
</ENprelims><Body><Division id="d00011" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6"><Title>Commentary on Sections</Title><CommentaryPart id="n00222" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/17" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/17"><Title>Part Xvii: Collective Investment Schemes</Title><CommentaryChapter id="n00230" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/17/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/17/3"><Title>Chapter <Acronym Expansion="3">III</Acronym>: Authorised unit trust schemes</Title><CommentaryP1 id="n00237" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/division/6/17/3/7" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/division/6/17/3/7">
<Title><CitationSubRef id="c00928" URI="http://www.legislation.gov.uk/id/ukpga/2000/8/section/248" CitationRef="c00001" SectionRef="section-248">Section 248</CitationSubRef>: Scheme particulars rules</Title>
<NumberedPara id="paragraph-472" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/paragraph/472" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/paragraph/472"><Pnumber>472</Pnumber><Para>
<Text>These are rules which the Authority may make requiring the manager of an authorised unit trust scheme to give details of the scheme to the Authority and to publish or make available to the public on request certain particulars, including changes, concerning the scheme.</Text>
</Para></NumberedPara>
<NumberedPara id="paragraph-473" DocumentURI="http://www.legislation.gov.uk/ukpga/2000/8/notes/paragraph/473" IdURI="http://www.legislation.gov.uk/id/ukpga/2000/8/notes/paragraph/473"><Pnumber>473</Pnumber><Para>
<Text>The scheme particulars rules can provide for compensation to be paid to certain people (described as “qualifying persons”) if they have suffered loss because of an untrue or misleading statement in the particulars or because of an omission from them.  Qualifying persons include people who may have a beneficial, but not legal, interest in the scheme (for example, beneficiaries of a trust where the trustees hold units in the scheme).</Text>
</Para></NumberedPara>
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