Access to financial services markets U.K.

24 Collective investment schemes authorised in approved countries U.K.

(1) In Part 17 of the Financial Services and Markets Act 2000 (collective investment schemes), in section 237(3)—

(a) in the definition of “a recognised scheme”, after “means” insert “ a section 271A scheme or ”, and

(b) after that definition insert—

• ““a section 271A scheme” means a scheme recognised under section 271A (and see also section 271S);”.

(2) In Schedule 9—

(a) Part 1 inserts sections 271A to 271S (collective investment schemes authorised in approved countries or territories) in Chapter 5 of Part 17 of the Financial Services and Markets Act 2000 (recognised overseas schemes), and

(b) Part 2 contains minor and consequential amendments.

Commencement Information

I1 S. 24 in force at 23.2.2022 by S.I. 2022/163, reg. 2(a)